Add as a preferred source on GoogleBinance Stablecoin Reserves Fall to One-Year Low of $41.6 Billion
The exchange’s stablecoin market capitalization fell 4.7% over 90 days, while monthly net outflows averaged $62 million.
Binance’s stablecoin reserves fell to $41.6 billion, their lowest level in a year after a $6.3 billion decline since April, leaving less dollar-linked liquidity on the exchange.
The $41.6 billion balance is Binance’s lowest in a year.
The market value of stablecoins held on Binance has fallen 4.7% over the past 90 days. A monthly net-flow measure shows average outflows of $62 million. Those readings cover different periods from the $6.3 billion decline since April.
Exchange-held stablecoins indicate how much dollar-linked value is present on trading venues, though changes in those balances alone do not show why the funds moved.
Enna Lee
ReporterEnna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.