Average Exchange USDT Holdings Hit $568 Million Over 7 Days - Highest in a Year

IconCrypto News Terminal23 Apr, 2024

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Average Exchange USDT Holdings Hit $568 Million Over 7 Days - Highest in a Year

**Average Exchange USDT Holdings Rise to Highest Level in a Year** The average exchange USDT holdings have surged to $568 million over the past seven days, marking the highest level in a year. This bullish trend indicates increased demand for stablecoins, driven by heightened risk aversion and increased capital inflows into the cryptocurrency market. Previously on April 23, 2024, the average exchange USDT holdings stood at $485 million, indicating a significant jump of over $80 million in just a week. This surge in stablecoin holdings suggests investors are seeking safe havens amidst market uncertainty and geopolitical volatility.