Stablecoins reserves in Binance reached a new historical maximum. Now, the world’s largest cryptocurrency exchange has more than USD 45,000 million in these digital assets, showing strong support for the general liquidity of the ecosystem.
The record is reached Despite a reduction of 8,000 million dollars in USDT reserves issued on the Tron network in recent months.
The main engine of the Binance increase was the USDT in ERC20, that is, in the Ethereum Network, which expanded to about 32.6 billion dollars. In parallel, the USDC, on the same network, added $ 7,400 million.
According to a Report Based on data from the analysis firm Cryptoquant, “the record level of 45,000 million dollars underlines the liquidity position in Binance Stablecoins and indicates a possible support for the general liquidity of the market and capital tickets.”
The movement coincides with a strong income flow towards the exchange. Cryptonoticias reported yesterday that Binance received 2,000 million dollars in Stablecoins in a single day, which represents the greatest net entrance so far this year. Most of these funds were concentrated on ERC20 tokens, confirming the preference of the participants by the Ethereum network for rapid capital transfers.
This flow was seen as a repositioning prior to the decision of the Federal Reserve (FED) of the United States, which reduced interest rates to 4% per year. This means that investors moved their capital in Stablecoins to be prepared to buy or sell after the Fed ads.
In that order of ideas, the binance reserves, mainly supported by USDT and USDC in Ethereum, are thus presented in a context of macroeconomic expectation and with the platform consolidating itself as a center of liquidity attraction that benefits both institutional and retail operators.