Editor's PiCK
Binance CEO "Binance holds 59% of stablecoins among centralized exchanges"
Minseung Kang
Summary
- Binance CEO Richard Teng stated that Binance holds 59% of the total stablecoins among centralized exchanges.
- It was reported that the size of stablecoins held by Binance reaches $31 billion.
- CEO Teng emphasized that he would continue to establish the core capital hub of crypto.
An analysis has come out that, based on global cryptocurrency (virtual asset) centralized exchanges, the proportion of all stablecoins held by Binance exceeds half.
On the 5th (local time), Richard Teng, CEO of Binance, announced on X (formerly Twitter) that "According to CryptoQuant data, Binance currently holds $31 billion (about ₩4.2098 trillion), which accounts for 59% of all stablecoins held by centralized exchanges."
He continued, "Thank you for trusting us," and emphasized, "We will continue to establish the core capital hub of crypto going forward."
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
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