Zoomex Publishes September 2026 On-Chain Reserves and Stablecoin Report
(4 hours ago) · 1 source · Summarized by CryptoBipto
Zoomex released its monthly on-chain report for September 2026, covering reserve data and stablecoin trends. The report reportedly highlights a drop in stablecoin reserves during the period. Details of the full findings have been published by the exchange.
WHY IT MATTERS
When you deposit money or crypto at an exchange, the exchange holds it for you, similar to how a bank holds your savings. After some exchanges collapsed and it turned out they did not actually have enough assets to cover what customers had deposited, many exchanges started publishing 'on-chain reports.' These are like receipts showing what the exchange holds in its publicly visible crypto wallets. A 'stablecoin' is a type of cryptocurrency designed to maintain a steady value, usually pegged to a currency like the US dollar. A drop in stablecoin reserves at an exchange could mean many things, such as users withdrawing funds or the exchange moving assets around. These reports help users keep an eye on whether an exchange appears to be holding sufficient assets, though they are not a guarantee of financial soundness.
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- beincrypto.com
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