Stablecoin Liquidity Concentrates at Binance, Dominating Over 60% of CEX Holdings with 7.2 Trillion Yen

CryptoQuant, a firm specializing in on-chain analysis of the cryptocurrency market, released its latest report on the 17th regarding the stablecoin holdings in centralized exchanges (CEX).

According to the report, Binance now holds approximately $47.5 billion (about 7.2 trillion yen), which accounts for 65% of the total liquidity held by major exchanges. This underscores a shift in market funds not leaving the ecosystem but rather consolidating into specific platforms.

Currently, the breakdown of stablecoins held by Binance includes $42.3 billion in Tether (USDT) and $5.2 billion in Circle (USDC)...