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Stablecoin Reserves in Centralized Exchanges Continue To Fall After FTX Collapse

Gradually, alongside the cryptocurrency industry, stablecoins are growing in strength and popularity. Their growth results from the stability they offer against cryptocurrency volatility.

At the moment, USDT remains the largest stablecoin by market cap, as USDC, Binance USD, and DAI make up the top 4. 

The entirety of the stablecoin sector has a market cap of $138 billion, according to CoinMarketCap. The big four stablecoins contribute more than $130 billion to the figure, dominating the stablecoin market. Despite their growth and popularity, only a minimal amount of stablecoins are on cryptocurrency exchanges.

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