The exchange's stablecin reserves exceeded US$93 billion, accounting for 57% of the currency securi

The exchange's stablecoin reserves exceeded US$93 billion, and Binance accounted for 57% of the share.

According to a report released by the Binance Research Institute on June 10, 2026, the exchange's stablecoin reserves have climbed to US$93 billion, of which Binance alone holds US$53 billion, accounting for 57% of the total. This figure marks a 61% increase in the total number of stablecoins held on exchanges since the beginning of 2025, and also highlights the increasing concentration of stablecoins liquidity in a single venue.

Exchange stablecoin reserves reach US$93 billion.

Figure 6 in the Binance Research Institute's report on stablecoin shows that as of June 10, 2026, the exchange's total stablecoin reserves is US$93 billion. Exchange stablecoin reserves refer to the total value of stablecoins (such as USDT and USDC) held in wallets controlled by centralized cryptocurrency exchanges.

Figure 6 shows that the exchange's stablecoin reserves are US$93 billion. These reserves are seen as an indicator of the amount of capital that exchanges can readily draw upon. A rise in totals usually means traders and institutions are placing more dollar-denominated liquidity on trading platforms, whether it is for active trading, yield strategies, or as reserve funds for future purchases.

This report is an update on market structure and is not specific to any specific regulatory event or enforcement action. It cited internal data from DefiLlama, Arkham and Binance itself.

Binance accounts for 57% of the total

Of the US$93 billion in exchange stablecoin reserves, Binance holds US$53 billion, accounting for 57%. This share has increased from 54% at the beginning of 2025, which means that even as the overall pie expands, Binance's share is growing. Binance Institute said Binance holds US$53 billion of the US$93 billion total, further expanding its lead over the second-largest exchange. The gap between Binance and the second-largest exchange is US$42 billion. This gap means Binance holds nearly five times as many stablecoin reserves as its closest competitor, a dominant position with few precedents in the traditional financial custody field.

This concentration is interesting in part because Binance's USDT flows can itself affect the market. When hundreds of millions of stablecoins flow into or out of an exchange in a single day, this signal has particularly important weight because the exchange controls a majority of the reserve base.

The reserve base has increased by 61% since the beginning of 2025

Since the beginning of 2025, the exchange's total stablecin reserves have increased by 61% to US$35 billion. This increase reflects the widespread adoption of stablecoins in the crypto market, with Tether's USDT still dominating, with a market capitalisation of more than $184 billion. During the same period, Binance's share climbed from 54% to 57%. In absolute terms, Binance absorbed reserves growing faster than the rest of the industry combined, absorbing a disproportionate majority of the US$35 billion inflow.

This growth trend is consistent with broader stablecoin expansion. The U.S. Senate has advanced legislative work such as the GENIUS Act's stablecoin regulatory framework, and new stablecoin issuers such as STBL on Stellar have also continued to enter the market, adding a pool of dollar-linked tokens that can be used for exchange deposits.

What this concentration means for the crypto market

Today, a single exchange holds the majority of exchange stablecoin liquidity. The US$42 billion gap between Binance and the second-largest exchange means that Binance's operating decisions-from fee adjustments to currency placement policies-directly affect the location of most crypto-dollar equivalent capital. For traders, this concentration creates de facto dependence. Exchange stablecoin reserves represent the market's ability to absorb selling pressure and meet buying orders. When 57% of reserves are concentrated on a single platform, any interference with that platform-whether technical, regulatory or operational-has a systemic impact.

This pattern also affects the way analysts interpret stablecoin flow data. Exchange inbound and outbound flow indicators increasingly reflect Binance's unique dynamics rather than overall industry trends-a distinction that is critical when these indicators are used to measure buying pressure or market sentiment. The current Fear and Greed Index is 26, which is in the "Fear" range. This reading, coupled with a 61% increase in the reserve base over approximately 18 months, suggests that large amounts of stablecoin capital are held on exchanges but have not yet been actively deployed into risky assets.

Infrastructure providers are also adapting to the growth of stablecoins. Projects focusing on cross-chain execution of stablecoin payments are expanding to meet the growing need for stablecoins for practicality beyond simple transactions.

Frequently Asked Questions

What are exchange stablecoin reserves? Exchange stablecoin reserves are the total value of stablecoin held wallets controlled by centralized cryptocurrency exchanges. They represent the dollar equivalent liquidity available for trading on these platforms.

Why is Binance's 57% share important? This means that a single exchange controls most of the stablecoin liquidity held on all exchanges. The US$42 billion gap between Binance and the second-largest exchange makes it the single most important venue for stablecoin-denominated trading activity.

Do these data indicate that exchange demand for stablecoins is rising? Yes. Since the beginning of 2025, the exchange's total stablecoin reserves have increased by 61%, or US$35 billion. This increase reflects the continued need to hold dollar-linked assets on centralized trading platforms.

What date does the $93 billion figure refer to? This figure comes from June 10, 2026, as shown in Figure 6 in the Binance Research Institute's report on stablecoins.