📈 Cryptocurrency exchange Bybit has published its twelfth proof of reserves, showing a 17.8% increase in USDT reserves!

🔹 User balances in Tether (USDT) increased by 433 million USDT from June 6 to July 10, according to the report.

🔹 USD Coin (USDC) deposits increased by 150 million USDC, representing an increase of almost 400%.

🔹 At the same time, stocks of the algorithmic stablecoin DAI decreased by 33%.

📊 Traditional cryptocurrencies such as Bitcoin (BTC) and Ethereum (ETH) also saw modest gains of 5.62% and 0.46%, respectively.

💬 What do you think about the current trends in the stablecoin market? Share your opinion in the comments! 👇