Exchange Stablecoin Reserves Hit $93B, Binance Holds 57%

Exchange stablecoin reserves have climbed to $93 billion, with Binance alone holding $53 billion, or 57% of the total, according to a Binance Research report dated June 10, 2026. The figures mark a 61% increase in total exchange-held stablecoins since early 2025 and underscore a growing concentration of stablecoin liquidity on a single venue. Exchange stablecoin reserves reach $93 billion Figure 6 of Binance Research's report on stablecoins places total exchange stablecoin reserves at US$93 billion as of June 10, 2026. Exchange stablecoin reserves refer to the aggregate value of stablecoins, such as USDT and USDC, held in wallets controlled by centralized cryptocurrency exchanges. For related coverage, see Senators Urge Treasury to Preserve State Stablecoin Oversight in GENIUS Bill. Exchange stablecoin reserves US$93B Figure 6 in Binance Research places total exchange stablecoin reserves at US$93 billion. These reserves serve as a proxy for the amount of readily deployable capital sitting on exchanges. A rising total generally signals that traders and institutions are parking more dollar-denominated liquidity on trading platforms, whether for active trading, yield strategies, or as dry powder for future purchases. For related coverage, see LI.FI Expands Execution Infrastructure to Support Stablecoin Payments and RWA. The report is a market-structure update rather than a response to any specific regulatory event or enforcement action. It draws on data from DefiLlama and Arkham alongside Binance's own internal figures. Binance accounts for 57% of the total Binance holds US$53 billion of the US$93 billion in exchange stablecoin reserves, giving it a 57% share. That share has risen from 54% in early 2025, meaning Binance has grown its slice even as the overall pie expanded. Binance reserve share 57% Binance Research says Binance holds US$53 billion of the US$93 billion total, widening its lead over the next-largest exchange. The gap to the second-ranked exchange is US$42 billion. That margin means Binance holds nearly five times the stablecoin reserves of its closest competitor, a level of dominance that has few parallels in traditional finance custody. The concentration has drawn attention in part because Binance USDT flows can move markets on their own. When hundreds of millions in stablecoins shift in or out of a single exchange in a day, the signal carries outsized weight precisely because that exchange controls a majority of the reserve base. Reserve base grew 61% since early 2025 Total exchange stablecoin reserves expanded 61% from their early 2025 level, an increase of US$35 billion. That growth reflects broader stablecoin adoption across crypto markets, with Tether's USDT remaining the dominant denomination at a market cap above US$184 billion. Binance's share climbed from 54% to 57% over the same period.