Summary
- It reported that Binance's stablecoin reserves surpassed 40 billion dollars, recording an all-time high.
- It said this all-time high is a signal that investor attention is focused.
- It reported that, typically, an increase in stablecoin reserves means that waiting buy funds on the exchange have increased.
The stablecoin reserves of global crypto asset (cryptocurrency) exchange Binance have reached an all-time high.
On the 16th (local time), crypto asset analyst Ali Martinez said on X (formerly Twitter), "Binance's stablecoin reserves surpassed 40 billion dollars," adding, "This is the largest ever."
Typically, an increase in stablecoin reserves means that waiting buy funds on the exchange have increased.
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit
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