Stablecoin Balances on Centralized Exchanges Hit Lowest Level Since April 2021, Tether Continues to Grow

05/22 19:10

According to data from Glassnode analyzed by CryptoSlate, the volume of stablecoins held on centralized exchanges has dropped below $20 billion, the lowest since April 2021. The decline in stablecoin balances can be attributed to increased regulatory scrutiny and the collapse of several crypto-related firms.
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