Name: Number of Stablecoins Held on Exchanges Drops to 2-Year Low: Glassnode
Uploaded: 2023-05-02T14:25:31.000Z
Duration: 1 min 35 s
Description: The number of stablecoins, or dollar-pegged cryptocurrencies, held in addresses tied to centralized exchanges extended its decline to reach the lowest since May 2021 in a sign of increasing investor aversion to risk, according to Glassnode. Matrixport's Head of Research and Strategy, Markus Thielen, weighs in on the current state of stablecoins.

CD20$2,039.260.51%BTC$75,939.391.02%ETH$2,078.800.70%XRP$1.330.67%SOL$83.930.15%

Number of Stablecoins Held on Exchanges Drops to 2-Year Low: Glassnode | CoinDesk Videos

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CD20$2,039.260.51%BTC$75,939.391.02%ETH$2,078.800.70%XRP$1.330.67%SOL$83.930.15%

Number of Stablecoins Held on Exchanges Drops to 2-Year Low: Glassnode | CoinDesk Videos