Amr Taha2026-11-13

Binance Stablecoin Reserves Hit Lowest Level Since December 2024 as Bitcoin Breaks Below $70K

Binance's ERC-20 stablecoin reserves fell to $31.4 billion on November 12, their lowest level since December 2024, just before Bitcoin dropped below $70,000 on November 13 for the first time since August. The data shows Binance's reserve was $910 million, or 2.82%, below the $32.31 billion recorded on December 16, 2024. The latest breakdown shows the reserve remains heavily concentrated in USDT. On November 13, Binance held $29.5 billion in USDT reserves, while USDC reserves stood at just $1.92 billion. That means USDT accounted for nearly all of Binance's tracked stablecoin reserve, while USDC remained well below its 2024 peak of $2.5 billion. Despite the decline, Binance still holds the majority of tracked CEX ERC-20 stablecoin reserves. All other centralized exchanges combined held $18.4 billion, bringing the total to about $49.8 billion. This leaves Binance with 63.1% of the tracked total and roughly $13 billion more than all other exchanges combined. The key takeaway is that Binance's stablecoin reserve has returned to late-2024 levels, with liquidity still dominated by USDT as Bitcoin faces renewed selling pressure.