Binance Tops Stablecoin Reserves Amid Strong Market Confidence

Information: coincu.com/341372-binance-stablecoin-reserves-lead

Binance Leads with $31 Billion in Stablecoins June’s data, released by CryptoQuant, highlights Binance as the leader in stablecoin reserves among central exchanges, holding $31 billion– a notable 59% of such holdings. In total reserves, Coinbase tops the charts with $129 billion in properties, while Binance carefully follows with $110 billion. Binance’s rise to $31 billion in stablecoin reserves is a fivefold increase from its June 2023 levels, indicating a significant institutional trust and liquidity aspect.

Binance Leads with $31 Billion in Stablecoins June’s data, launched by CryptoQuant, highlights Binance as the leader in stablecoin reserves amongst central exchanges, holding $31 billion– a notable 59% of such holdings. In total reserves, Coinbase tops the charts with $129 billion in assets, while Binance closely follows with $110 billion. Binance’s surge to $31 billion in stablecoin reserves is a fivefold boost from its June 2023 levels, signifying a significant institutional trust and liquidity factor.

Sam Boolman | Crypto Enthusiast and Writer

Sam Boolman is a contributing writer at ChainIntel.org with a long-standing interest in cryptocurrency, blockchain technology, and emerging financial trends. A self-directed trader who actively invests his own capital, Sam follows the markets closely and brings a hands-on perspective to the fast-paced world of crypto journalism. With a background in business and digital media, Sam has written across a variety of sectors including tech, startups, and online finance. His curiosity and enthusiasm for the evolving digital economy fuel his exploration of Web3, decentralised finance, and market developments. Sam is passionate about making complex topics more accessible to everyday readers and continues to expand his knowledge through research, trading experience, and industry engagement.

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