Stablecoin balances on exchanges surge, hinting at crypto liquidity rebound

Stablecoin balances on exchanges surge, hinting at crypto liquidity rebound
фото показано с : cryptoslate.com

2023-11-29 23:45

Quick Take

The balance of stablecoins on crypto exchanges has seen an uptick, marking a potential turning point in a year characterized by declining liquidity. Yesterday, Nov. 27, the exchange balance of stablecoins surged by an impressive 750 million, placing the day among the top five in 2023 for such increases.

A retrospective look at the data reveals a peak of approximately 41 billion in stablecoin balance in November 2022, which subsequently plummeted to a low of 16 billion by June 2023. However, recent trends show a slow but steady rise, with the balance currently hovering slightly below 18 billion. This includes the balances of stablecoins such as BUSD, GUSD, HSUD, DAI, USDP, EURS, SAI, sUSD, USDT, and USDC.

Stablecoins Exchange Balance: (Source: Glassnode)

Moreover, a 3% expansion in the 30-day aggregate stablecoin supply may also indicate a potential resurgence of liquidity in the crypto market, the highest since March 2022. This could signal a renewed inflow of liquidity into the crypto space, which would certainly be a development to watch closely.

Stablecoins: Aggregated Market Cap Percentage Change: (Source: Glassnode)

The post Stablecoin balances on exchanges surge, hinting at crypto liquidity rebound appeared first on CryptoSlate.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Emerald Crypto (EMD) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 4.67 %
Cегодня L: $0 - H: $0
Капитализация $0 Rank 99999
Цена в час новости $ 0.0095806 (-100%)

stablecoins liquidity balance crypto exchanges impressive 750

Источник: cryptoslate.com

stablecoins liquidity → Результатов: 75


RAMP DeFi Leads The Liquid Staking Race, Opening Ethereum-Based DeFi to Staked Liquidity From Other Blockchains

Participation in the DeFi and staking ecosystems has seen explosive growth over the last year, with the combined sectors currently accounting for over $50 billion in value. DeFi growth was predominantly fueled by the breakthrough success of Ethereum-based projects such as Aave, Compound, and Uniswap, utilizing ERC20 stablecoins like USDC and Dai to generate yield. […]

2021-1-17 09:48


Quant Analyst: Surging Stablecoin Supply To Drive Unprecedented Bitcoin Buy Pressure

As Bitcoin soars toward a new all-time high and has recaptured the interest of the world of finance, a sizable supply of liquidity is building on exchanges, not in BTC, but in stablecoins. The rising supply alongside surging crypto valuations suggests that the recent rally is “liquidity-driven,” according to one cryptocurrency quantitative analyst.

2020-11-25 18:00


дальше еще 26 новостей →

Партнеры Currencies.ru

Аналог Notcoin - Blum - Играй и зарабатывай Монеты



Реклама на Currencies.ru

Самое свежее на Currencies.ru

Amazon Web Services introduces AI chatbot ‘Q’ and two new AI chips

Amazon Web Services (AWS) announced on Nov. 28 the launch of ‘Q,’ an AI-powered virtual assistant and chatbot to enhance workplace productivity. The chatbot, capable of engaging in conversations, problem-solving, and generating content and insights, can access company information to provide tailored responses.

Amazon назвал сроки запуска NFT-маркетплейса

Технологический гигант Amazon запускает торговую площадку невзаимозаменяемых токенов. Программа под названием Amazon Digital Marketplace в апреле будет доступна пользователям из США, а позже собирается покорить весь мир.<br />

Avalanche Partners With Amazon, What’s Next For The Price?

Avalanche and its dApp ecosystem shall now be supported by Amazon Web Services (AWS), which also comprises one-click node deployment through the AWS marketplace. With this partnership with AWS, Ava Labs can help customers deploy custom offerings linked to over 100,000 partners spread across 150 countries.