2 years ago
Definition
The full magnitude of coins held connected speech addresses.
STBL is simply a virtual plus that aggregates the information of each ERC20 stablecoins supported connected Glassnode, thereby creating a metric that sums up each speech balances crossed stablecoins.
Stablecoins included are: BUSD, GUSD, HSUD, DAI, USDP, EURS, SAI, sUSD, USDT, USDC.
Quick Take
- Less than $30 cardinal worthy of stablecoins present sits connected exchanges, the lowest magnitude since December 2021.
- In the past 4 months, astir $15 cardinal worthy of stablecoins has been withdrawn from exchanges.
- Most withdrawals person travel from BUSD, but USDC and USDT person besides seen withdrawals from exchanges recently.
- We expect this inclination to proceed arsenic the system heads risk-off and redemptions hap from stablecoins into fiat.
All Stablecoins: (Source: Glassnode)
Stablecoin speech Balance: (Source: Glassnode)The station Less than $30B of stablecoins present beryllium connected exchanges, wiping retired each of 2022’s gains appeared archetypal connected CryptoSlate.
English (US) 