Stablecoin reserves on crypto exchanges hit new historic high of $10B

Cointelegraph

Published Mar 29, 2021 08:22AM ET

Updated Mar 30, 2021 10:00AM ET

Stablecoins like Tether (USDT) and USD Coin (USDC) have hit another milestone in terms of accumulation by exchanges.

According to market data provider CryptoQuant, stablecoin holdings on global crypto exchanges soared to a new all-time high on March 28, exceeding $10 billion.

Exchange stablecoin reserves. Source: CryptoQuant

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