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Number of Stablecoins Held on Exchanges Slips to 2-Year Low

While stablecoins' exchange balance has dropped by 44% this year, bitcoin's price has rallied by 70%.

The number of dollar-pegged cryptocurrencies held in exchange wallets is the lowest since May 2021. (Glassnode)
The number of dollar-pegged cryptocurrencies held in exchange wallets is the lowest since May 2021. (Glassnode)