Crypto exchanges face extremely high interest in trading in stablecoins.
The position of stablecoins is stronger every day, as confirmed by the latest statistics tracking the amount of all stablecoins held in all exchanges’ wallets.
As you can see on the chart from CryptoQuant all exchanges reserves reached a new ATH of 4.73B.
This situation is thus clear proof of the important role that stablecoins play for traders, who can save their funds in a stable digital currency at any time.
Tether also responded immediately to this situation, issuing another $ 500,000,000 USDT today.
Read also: DEX trading volume is on the rise this year, only in January reaching $ 53B
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