Binance Stablecoin (crypto pegged to fiat) Reserves Exceed $45B—65% Held on Centralized Exchanges (custodial crypto platforms)

Binance (global crypto exchange) now accounts for 65% of stablecoins (crypto pegged to fiat) on centralized exchanges (custodial crypto platforms), with reserves surpassing $45 billion, underscoring heightened liquidity concentration among top venues.

5h ago

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Terms & Concepts

Stablecoin: A cryptocurrency designed to maintain a stable value, typically pegged to a fiat currency such as the U.S. dollar.
Centralized Exchange (CEX): A custodial trading platform where a company manages user accounts, order books, and asset storage.
Exchange Reserves: The amount of specific assets held in wallets controlled by an exchange, often used as a liquidity and flow indicator.