**Stablecoin Liquidity Increases**

- Stablecoin dynamics are showing positive signals and are increasing liquidity in the crypto market by reaching record levels. This is good news for Bitcoin (BTC) and the overall crypto industry, as more liquidity is usually associated with higher prices. 📈

- According to a CryptoQuant report, the total market value of major USD-backed stablecoins reached $169 billion, an increase of 31% or $40 billion since the beginning of the year. This growth led to a record high in crypto market liquidity measured by stablecoin value at the end of September.

- Tether USD (USDT) continued its dominance in the stablecoin market, being the main driver of this growth. Total USDT (ERC20) balances on centralized exchanges reached a record high of $22.7 billion this month, an increase of 54% or $8 billion since the beginning of the year.

- The pace of monthly increases in USDT and USDC market caps could signal a new rally for BTC and crypto prices. Ripple Labs’ new USD-backed stablecoin RLUSD has reached a market cap of $47 million since the end of September, and analysts say the asset has significant growth potential. 🚀

**Source: CryptoPotato**