B&
Binance's Stablecoin Holdings
Binance's stablecoin reserves have
experienced fluctuations:(reddit.com)
• Reserve Composition: As of November
2022, approximately 40% of Binance's
major crypto token holdings were in
BUSD and Binance Coin (BNB), with $23
billion in BUSD and $6.4 billion in BNB •
(reddit.com)
• Net Outflows: Following the FTX
collapse, Binance experienced the largest
net outflow in its history, with a daily net
outflow of $295 million in stablecoins on
the Ethereum blockchain •
(insights.glassnode.com)
• Current Reserves: Despite these
outflows, Binance's total
USD-denominated reserves have
stabilized at approximately $35.9 billion •
(insights.glassnode.com)
Future Outlook
The stablecoin market is undergoing
significant transformation:()
• Market Recovery: The stablecoin market
has rebounded, nearing pre-TerraUSD
crash levels, with a total market
capitalization of $161 billion as of June
2024 .(investing.com)
• Regulatory Impact: Global regulatory
frameworks, such as the EU's MiCA, are
reshaping the stablecoin landscape,
influencing which stablecoins are
favored on platforms like Binance.
(reddit.com)
Diversification: Binance is diversifying its
stablecoin offerings, with increased
emphasis on USDC and TUSD, to adapt to
regulatory changes and market
demands .(binance.com)
