Analysis: Stablecoin exchange activity since Black Thursday
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Posted On May 28, 2020
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- Since May 12, or ‘Black Thursday,’ the number of stablecoins held on centralized exchanges in our sample has increased by 130%
- DAI+SAI has the lowest percentage of its supply on exchanges. Approximately 2.1% of its supply is on exchanges, whereas the next lowest is Paxos at 16.7%
- The day after Black Thursday (May 13) was the first time in over ten months that the exchange net flow of all stablecoins was positive
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