The total market value of stablecoins exceeds 170 billion US dollars, with USDT's market share reaching 65.79%
The total market value of stablecoins is now $170.811 billion, with a 7-day increase of 6.4%. In addition, the total market value of USDT is now $112.376 billion, accounting for 65.79% of the market share.
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Paying the price for supporting the yen? Japan's foreign reserves fell by $87.8 billions in August, possibly due to selling US Treasuries for funding.
Japanese authorities may have used part of their foreign exchange reserves, including foreign securities such as U.S. Treasury bonds, over the past month to fund record-sized foreign exchange intervention operations.
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