Binance stablecoin reserves reach $47.5B, about 65% of exchange supply

Binance's stablecoin reserves have climbed to about $47.5 billion, giving it roughly 65% of the stablecoin balances held on centralized exchanges. Flows have been choppy but keep returning, and the stack is led by USDT with smaller USDC shares. Pending U.S. rules and growing ERC20 supply add to the liquidity backdrop.