Exchange stablecoin reserve hits $27B as Bitcoin rises toward $50K
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© Reuters.
Cryptocurrency exchanges now have more stablecoins on their books than ever before in a fresh sign investors are waiting to buy (BTC) and altcoins.
Data from on-chain analytics platform CryptoQuant shows that this week, exchanges’ total stablecoin reserves passed 27 billion for the first time.
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Read More: Exchange stablecoin reserve hits $27B as Bitcoin rises toward $50K