Fiat-Backed Stablecoins Soar as USDe Contracts

[AIcash]

While USDe shrank, fiat-backed stablecoins gained ground. USDT rose by $1.3B, USDC by $600M, and PayPal’s PYUSD jumped 35% in November, showing that investors still prefer collateralized, dollar-backed options over synthetic alternatives.

[Abdul Khan]

Investors are clearly moving back toward safer fiat-backed options.