CryptoOnchain
All-Time High at $45B Despite Decline in TRC20 USDT
On-chain data shows that the total stablecoin reserves on Binance across the ERC20 and TRC20 networks have reached a new all-time high of around $45 billion. This milestone comes despite a significant $8B decline in TRC20-based USDT reserves in recent months. š¹ The main driver of this growth has been the sharp increase in ERC20-based USDT, which has climbed to approximately $32.6B. š¹ Additionally, USDC on ERC20 has expanded notably, with reserves now standing at $7.4B. Overall, hitting the $45B record level underscores Binanceās strong stablecoin liquidity position and signals potential support for broader crypto market liquidity and capital inflows.