venturefounder
$25B USD worth of stablecoins still on exchanges
Stablecoins on exchanges have gradually gone up in this recent cycle. Even after the recent sell-off in the past 6 months, the stablecoins balance have not gone down (which would indicate redemption from crypto to fiat ecosystem), but instead still trending in the up direction. This is very bullish for crypto as an ecosystem as the money stays within web3 instead of going elsewhere, and also make Buy-the-dip easier as stablecoins can be easily swapped into other crypto like BTC or ETH.