Binance continues to strengthen its leading position in the amount of stablecoins on its balance. Overall, the liquidity of stablecoins on centralized exchanges has reached a record $68 billion.
According to a report by CryptoQuant, Binance owns $44.2 billion in USDT and USDC, of which USDT accounts for $37.1 billion. The balance in USDC has grown from $3 billion at the beginning of 2025 to the current $7.1 billion. Since the beginning of the year, the volume of Binance's stablecoin reserves has increased by 48%, reflecting a strong influx of funds and active user engagement.
CryptoQuant Data
Other major exchanges hold smaller, yet still significant amounts. OKX holds stablecoins worth $9.0 billion, Bybit — $4.2 billion, and Coinbase — $2.6 billion. And although their balances have changed little this year, these platforms account for 24% of the total stablecoin reserves on exchanges.
Analysts believe that this dynamic reflects investors' confidence and the strategic use of stablecoins to manage liquidity during periods of market volatility. This trend also highlights the central role of these exchanges in the market.
High stablecoin reserves give exchanges the flexibility to conduct large transactions without impacting prices and provide quick capital movement for traders and institutions. They also serve as a barometer of market sentiment, as rising balances indicate increased hedging activity.
Don't just hold cryptocurrency, make it work for you! Our complete guide to staking will show you how to earn profits without trading.