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Exchange stablecoin reserve hits $27B as Bitcoin rises toward $50K ‘fair value’ -Breaking

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© Reuters.

The stablecoin count of cryptocurrency exchanges is higher than ever, a new sign that investors are eager to invest (BTC) and altcoins.

Data from the on-chain analytical platform CryptoQuant shows that this week, exchanges’ total stablecoin reserves passed 27 billion for the first time.

Reserves chart for stablecoin exchange. Source: CryptoQuant
Bitcoin exchange reserves vs chart. Source: CryptoQuant