Binance ranks among the top in exchange stablecoin holdings as market liquidity surges

According to Bijie.com, the holdings of stablecoin on major cryptocurrency exchanges are undergoing significant changes, among which Binance is particularly prominent. The exchange has significantly increased reserves this year, showing that the market is confident in both its platform and digital dollar assets. Binance's expansion reflects a general trend across the industry, with stablecoin liquidity on centralized exchanges reaching a record $68 billion. This milestone underscores the growing importance of stablecoins in facilitating trading and hedging strategies, and also highlights their role in supporting wider market activity in the cryptocurrency ecosystem. Binance leads in stablecoin reserves According to CryptoQuant's report, Binance holds the largest share of stablecoin reserves, with USDT and USDC combined worth US$44.2 billion. The on-chain aggregator notes that USDT dominated with $37.1 billion. USDC has grown from $3 billion at the beginning of 2025 to $7.1 billion today. Overall, Binance's total stablecoin holdings have increased by 48% this year, reflecting strong capital inflows and active user engagement. Other major exchanges have smaller positions, but are still quite considerable. OKX holds $9 billion in stablecoins, Bybit holds $4.2 billion and Coinbase holds $2.6 billion. Although the balances of these exchanges remained basically the same this year, they accounted for 24% of the total stablecoin reserves on the exchange. Their holdings cover multiple blockchain networks, including Ethereum and Tron TRON. It is worth noting that the recent growth in stablecoin reserves has been the most significant on Binance and OKX. Over the past month, Binance has increased its holdings by $2.2 billion, while OKX has increased its holdings by $800 million. Analysts believe that these inflows reflect investor confidence and strategically using stablecoins to manage liquidity during market volatility. This trend also highlights the central role these exchanges play in the market. Why do exchanges hold so many stablecoins? High stablecoin reserves allow exchanges to flexibly facilitate large-scale transactions without affecting prices, and help traders and institutions to quickly realize capital flows. They also serve as a barometer of market sentiment, and the increase in reserve balances indicates a growing market readiness and hedging activity. The phenomenon of stablecoins concentrated on mainstream exchanges (especially Binance) highlights the central role of these platforms in the cryptocurrency ecosystem. At present, the total amount of stablecoins held by major exchanges has reached US$68 billion, playing an increasingly important role in liquidity management, trading and risk aversion.