Binance Holds Dominant Position in Stablecoin Market

Binance maintains its leading position in the cryptocurrency industry, controlling a majority of stablecoin liquidity. The exchange’s $31.45 billion USD reserves, primarily composed of USDT and USDC, represent 59% of all stablecoin reserves globally. This dominance is significantly larger than competitors like OKX, which holds only 15.39% ($8.20 billion) in its stablecoin reserves.