Aug 31st 2021
Stablecoin balance on exchanges reaches new all-time high
The aggregated stablecoin exchange balance has reached a new all-time high of $22.3 billion. Meanwhile, the BTC exchange balance remains low at around 2.5 million.
Source: Glassnode
The stablecoin balance of exchanges has never been higher than now. Currently, $22.3 billion worth of stablecoins sits in exchange balances.
On Jan 1st, the stablecoin balances of the exchanges sat at $3 billion. So far this year, the stablecoin balance of exchanges has risen by $19 billion.