The stablecoin reserve levels on major centralized crypto exchanges have experienced a significant decline over the past three months.
According to data shared by market analyst Ali Martinez, the total stablecoin reserves on these platforms decreased from $75 billion in November to $64.5 billion currently.
This represents a 14% fall and indicates a decrease in investment interest in the wider crypto market.
The decline in stablecoin balances is often seen as a sign of reduced trading activity, decreased user demand, and lower market liquidity.
Among the exchanges affected, Binance suffered the most significant outflows, with its stablecoin reserves dropping from $50.9 billion to $41.8 billion over the three-month period.