Stablecoins decrease 1.91% over 7 days... Federal Reserve reserves increase by 92.2 trillion won
Original headline스테이블코인 7일간 1.91% 감소…연준 준비금 92조2000억원 증가
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U.S. depository institutions' reserve balances at the Federal Reserve rose by $67.568 billion to $2.962804 trillion in the week to Nov. 4, while the Treasury General Account fell by $79.384 billion over the same period, according to the Fed's H.4.1 release. Over the same window, dollar-pegged stablecoin supply contracted 1.91%. The divergence matters because reserves reflect the size of funds held in bank accounts at the central bank and do not represent capital flowing into crypto markets, so the stablecoin decline occurred even as bank reserves grew.
Muhabbit's AI wrote this summary in its own words from TokenPost's report and translated it from Korean. It can get details wrong, so check the source.
Named in this story
stablecoins, Federal Reserve, US Treasury General Account