Binance Dominates Stablecoin Holdings: Attracts $180B YTD

Binance has cemented its position as the leading centralized cryptocurrency exchange for stablecoins, boasting a remarkable $180 billion in deposits year-to-date. The platform currently holds approximately 59% of all stablecoin reserves across the industry, according to CryptoQuant data. This dominance reflects Binance’s crucial role in providing liquidity and facilitating seamless transactions with stablecoins.