Binance Stablecoin Reserves Shrink by Nearly $9B After Three Months of Outflows

On 17 February 2026, data showed Binance had logged three consecutive months of net stablecoin outflows, with February's withdrawals nearing -$3B by mid-month. Since November, the exchange's stablecoin reserves have fallen from roughly $50.9B to about $41.8B, indicating reduced on-exchange liquidity and an extended de-risking phase. This sustained drain in stablecoin balances points to more cautious positioning among market participants.