Binance holds $47.5 billion in stablecoin reserves
Binance’s stablecoin reserves have raised concerns among regulators, particularly the European Central Bank. The company holds approximately $47.5 billion in USDT and USDC combined, representing about 65% of total stablecoin reserves across centralized exchanges.
This figure is up from roughly $35.9 billion a year earlier, underscoring Binance’s position as the world’s largest stablecoin exchange. The ECB has consistently voiced concerns about privately issued stablecoins, favoring tokenized financial infrastructure anchored by central bank money instead.
The ECB’s concerns may influence regulatory decisions regarding Binance’s operations in Europe. France could be a potential route for Binance, although no formal application has been filed.