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Key facts: Tether's October volume hits $895.5B; Bybit reserves rise to $1.58B

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  • In October 2025, Tether (USDT) reached a trading volume of $895.5 billion on Ethereum, part of a total stablecoin volume of $2.82 trillion, up 45% from September.1
  • Bybit's USDT reserves rose to about 1.58 billion, exceeding user holdings of 1.33 billion, creating an 18.74% buffer to meet growing stablecoin demand.2