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Binance Stablecoin Reserve Hits ATH, Is This Good Sign?

The post Binance Stablecoin Reserve Hits ATH, Is This Good Sign? appeared com. Key Notes CryptoQuant reported that Binance’s stablecoin reserve has topped $51. 1 billion. To complete this, BTC and ETH inflows into Binance came in at $15 billion. Generally, there is a surge in the rate of stablecoin adoption. Blockchain analytics platform CryptoQuant has reported a significant surge in Bitcoin BTC $86 901 24h volatility: 0. 0% Market cap: $1. 73 T Vol. 24h: $60. 87 B stablecoin reserve on exchanges. Precisely, it hit a record of $51. 1 billion, marking the highest level in all of history. Binance Outperforms Other Exchanges in Stablecoin Reserve According to CryptoQuant data, exchanges have been seeing a surge in inflows as the crypto market begins to correct. At the same time, Binance’s stablecoin reserve hit $51. 1 billion on Nov. 15, signifying the highest level recorded so far. This covers for USD-pegged stablecoins like Tether USDT $1. 00 24h volatility: 0. 0% Market cap: $184. 50 B Vol. 24h: $75. 82 B and USD Coin USDC $1. 00 24h volatility: 0. 0% Market cap: $75. 13 B Vol. 24h: $4. 69 B Binance is followed by the OKX exchange, which recorded almost $10 billion this November. Back in September, Binance’s total stablecoin holdings climbed to a record of $45 billion as traders prepared for potential Q4 volatility. ERC-20-based USDT reserves surged to roughly $32. 6 billion, offsetting a TRC-20 decline to about $8 billion around that time. Such actions inject fresh liquidity, which may strengthen the exchange’s ability to support large trades. Ultimately, this kind of sentiment creates a more attractive environment for traders. Currently, BTC and ETH ETH $2 918 24h volatility: 0. 8% Market cap: $352. 25 B Vol. 24h: $20. 47 B inflows into exchanges have climbed to $40 billion this week, led by Binance and Coinbase. This was around the time when crypto prices were declining, suggesting increased selling pressure. The BTC and ETH inflows to Binance.