Binance attracts $180 billion in Stablecoin deposits

Binance leads all centralized crypto exchanges in the Stablecoin reserve. According to the latest statistics, cryptocurrency exchanges currently hold US$31 billion of USDT and USDC, accounting for about 59% of Stablecoin holdings in the entire industry.

This dominance highlights Binance’s important role in providing liquidity and promoting stable trading of stock co.

Stablecoin inflow is beneficial to binary

Coinbase topped the list of $129 billion in holdings, followed by $110 billion, including Bitcoin, ETH, USDT and USDC, revealing CryptoQuant data. Overall, the two exchanges were found to control 60% of the total reserves in the top 20 centralized platforms.

Although Coinbase does not publicly disclose wallet-level proof of retention (POR), Binance can differentiate itself through on-chain reports, including verifiable wallet addresses, which enhances its credibility in the cryptocurrency community. In terms of inflows, binance remains a stable destination.

In May alone, the exchange received $31 billion in USDT and USDC deposits as it was slightly higher than Coinbase for $30 billion. As a 2025 graduate, Binance attracted a cumulative Stablecoin inflow of $180 billion, which strengthened its role as a primary venue for capital allocation.

More broadly, Coinbase and Binance have brought in $344 billion and $335 billion respectively this year. The number is ahead of competitors, which cements their continued dominance in institutional and retail capital flows.

It is worth noting that Binance also shows average bitcoin inflows per sediment, meaning the exchange attracts large players. On May 22, Binance’s average BTC deposit soared to 7 BTC.

By contrast, Bitfinex averaged 5 BTC, while OKX, Kraken and Coinbase have significantly lower numbers at 1.23, 0.7 and 0.8 BTC, respectively, further indicating the mean between whales.

Stable adoption growth

In addition to centralized exchange activities, more widespread stable usage in the payment environment has also increased significantly over the past two years. Stablecoin transactions reached $94.2 billion between January 2023 and February 2025, according to analytics company Artemis, which surveyed 20 Stablecoin payment companies and included estimates from 11 other industries including B2B, P2B, P2P, B2C, Card, Cards and Preunding.

Interestingly, Tron leads as the top settlement network, with about 60% volume, while Ethereum, BSC and Polygon leads subsequently.

“Overall, Stablecoins has established itself as a growth and important component of global payment infrastructure and its use between transaction types and regions continues to expand, indicating their growing centrality in the international economic system.”