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The combined Exchange Reserve of the stablecoins has recently set a new all-time high (ATH), driven mainly by growth on Binance.
Stablecoin Exchange Reserve Has Witnessed A Rise Recently
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In a new post on X, on-chain analytics firm CryptoQuant has talked about the latest trend in the combined Exchange Reserve of the Ethereum and Tron-based stablecoins.
The “Exchange Reserve” here refers to an indicator that keeps track of the total amount of a given asset or group of assets that’s sitting in wallets connected to centralized exchanges.
Generally, one of the main reasons why investors deposit their coins to these platforms is for selling-related purposes, so the supply present on them
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