Stablecoin supplies and cash reserves in question amid crypto exodus -Breaking
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In the midst of crypto exodus there are questions about stablecoin supplies as well as cash reserves Traders and cryptocurrency traders have withdrawn $7.7 Billion from stablecoin.USDTIts market capitalization fell by 7.8% in the last seven days, to $76 billion.
It has nearly twice the amount it had in cash reserves as of the 2021 end, which was $4.1 billion. According to Tether’s latest reserves report from December 2021.
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