Darkfost
Binance stablecoin dominance.
Today Cz from Binance was kidding about the fact we are seeing more stablecoin project launch than altcoin. It's true that we're seeing more and more stablecoins being created, and at the same time, it's interesting to note that their market cap continues to grow. Regarding exchanges, and Cz is certainly aware of this, Binance is clearly the leader in stablecoin inflows. Referring to the first chart, Binance currently holds around 66% dominance in stablecoin reserves among major exchanges. Disclaimer: This is an approximate number, as not all stablecoins and exchanges can be took into account. In the second chart, we compare the stablecoin reserves held by the top exchanges, and Binance remains the largest holder with $31B today. This shows that Binance continues to attract a significant share of liquidity and, consequently, investors. That’s maybe the reason why Cz is keeping an eye on stablecoin growth...