Stablecoin supplies and cash reserves in question amid crypto exodus -Breaking
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During crypto exodus, stablecoin supply and cash reserves are in doubt The stablecoin has been a boon for cryptocurrency traders and investors. They have now repaid $7.7 trillion.USDTIts market capitalization fell by 7.8% in the last seven days, to $76 billion.
The amount withdrawn from the top stablecoin is nearly double the $4.1 billion it held in cash reserves at the end of 2021 according to Tether’s latest reserves ReportFrom December 2021
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