#Binance controls 59% of all stablecoin reserves on centralized exchanges, which is $31.45 billion just in USDT and $USDC . The nearest competitor, OKX, has $8.2 billion in reserves, or 15.4%.

Against the backdrop of the growth in stablecoin capitalization, the market is literally bubbling. The total amount has already exceeded $254 billion. Tether (USDT) still leads with a market capitalization of over $153 billion. USDC is in second place with $61 billion.

Interest in stablecoins is currently so high that even Donald Trump's team recently launched its own dollar-pegged token, $USD1 from World Liberty Financial.

Binance leads in Bitcoin inflow

Binance continues to dominate as the main source of liquidity in the crypto industry. However, in terms of total reserves, Coinbase remains in first place with $129 billion. Binance has $110 billion, and together these two exchanges control 60% of all assets on #Cex .

In May alone, Binance received $31 billion in deposits in USDT and USDC, slightly ahead of Coinbase with $30 billion. In total, since its inception, Binance has attracted $180 billion in stablecoins.

At the same time, Coinbase still does not publish open reports on reserves. Binance has such reports, with public wallet addresses.

In dollar terms, the ecosystems of Coinbase and Binance showed the largest cumulative inflows in 2025, $344 and $335 billion respectively.

Interestingly, in terms of average Bitcoin inflow, Binance surpassed everyone. On May 22, the day of the new record $BTC , the average deposit on the exchange was 7 BTC. No other major platform showed such figures.

On Bitfinex, the average deposit was 5 BTC, on OKX — 1.23 BTC, while on Kraken and Coinbase, this figure didn't even reach one Bitcoin.

Politics faces the reality of the crypto market

The surge in the stablecoin market coincided with the US Senate nearing the finish line on discussions regarding the GENIUS Act bill. This document could become the first significant crypto law to pass through the upper chamber. It concerns the regulation of issuers of dollar tokens like USDT and USDC. The law has already passed the banking committee and gained support in preliminary voting.

But in politics, everything quickly becomes complicated. Some Democrats have begun to directly link the GENIUS Act with Donald Trump's personal crypto initiatives, including the USD1 project, which sharply surged after listing on Binance. The token is issued by World Liberty Financial, a company close to the president's circle.

Within 10 days after listing, the transaction volume in USD1 exceeded $10.7 billion. From May 22 to June 1, volumes broke all previous records. In just one week from May 19, activity grew by 1300%, from $307 million to $4.3 billion. By June 1, the token added another $6.8 billion, setting a new weekly benchmark.

Against this backdrop, USD1 burst into the top 6 largest stablecoins, surpassing the $2 billion mark in capitalization. Such growth did not go unnoticed by legislators; for many, it became a reason to doubt the political neutrality of the GENIUS Act. Some fear that the passage of the law could inadvertently benefit projects associated with Trump.