Stablecoin reserves in centralized exchanges continue to fall after FTX collapse
FTX's collapse led to market uncertainty and low trust in centralized exchanges, resulting in 3.93 billion stablecoins leaving exchanges since then.
Follow stablecoin news, issuer updates, market share changes, regulation, reserve transparency, and payment adoption trends.
The USDT delisting is in accordance with instructions from the Ontario Securities Commission.
Curve's 3pool dashboard shows that USDT accounted for 32.6% of the reserve while USDC made up 35.37%, and DAI with 32.02%, as of press time.
Under the hypothetical situation of a dollar collapse, how might fiat-backed stablecoins fare?
US T-bills held by Circle Reserve Fund continues to grow
The COTI CEO discusses the advantages of overcollateralized stablecoins over fiat and algorithmic varieties.
Currently, $13.2 billion is sitting on exchanges, with the majority on Binance.