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Stablecoin withdrawals from exchanges reach $800M on Jan. 30

GameFi

By Press Last updated Jan 31, 2023

Quick Take

Roughly 10,000 BTC was sent to exchange addresses on Jan. 30
The fifth biggest inflow in the past three months, equivalent to around $230 million
In addition to roughly $800 million of stablecoins leaving exchanges
Almost half of this amount ($300 million) is BUSD being withdrawn from exchanges.
Stablecoin balance on exchanges is now sitting at $35.6 billion