Data: Binance holds the largest share of stablecoin reserves, accounting for 59% of total reserves

PANews reported on June 3 that according to CryptoQuant data, Binance leads in stablecoin reserves, with $31 billion in USDT and USDC holdings, Binance has the largest stablecoin reserves among all centralized exchanges, accounting for 59% of the total reserves. In addition, Coinbase tops the list with $129 billion in total reserves, while Binance ranks second in terms of total reserves, holding a total of $110 billion in BITCOIN, ETH, USDT, and USDC, accounting for 60% of the total reserves of the top 20 exchanges.

In terms of inflows, Binance performed strongly. As of May, it received $31 billion in USDT/USDC deposits, slightly more than Coinbase's $30 billion. So far in 2025, Binance has attracted a cumulative inflow of $180 billion in stablecoins. And in terms of cumulative cryptocurrency inflows in 2025, Binance ranks first with $335 billion, and BTC also tops the list in terms of average deposits.

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