Binance Dominates Stablecoin Reserves with 59% Share Among Exchanges

Binance CEO Richard Teng announced that Binance holds nearly 59% of the stablecoin reserves across centralized exchanges, according to CryptoQuant data. This substantial share amounts to approximately $31 billion, highlighting Binance's dominant position in the stablecoin market. The data underscores Binance's significant influence and liquidity in the cryptocurrency exchange sector.

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