30th December 2025 – (New York) Stablecoins valued at approximately $69 billion are currently held on centralised cryptocurrency exchanges, with around 71% of that total concentrated on Binance, according to on-chain analytics firm CryptoQuant. Binance accounts for an estimated $49 billion of these exchange-based reserves, while OKX and Bybit hold around $10 billion and $3 billion respectively. Together, the three exchanges control about 94% of the stablecoin balances held on centralised venues, CryptoQuant contributor Crazzyblockk wrote on 29 December.
The dominance of Binance in exchange-held stablecoin reserves underscores how a substantial share of short-term crypto liquidity is concentrated on a single venue. As of 30 December 2025, roughly $69 billion in stablecoins are held on centralized cryptocurrency exchanges. CryptoQuant data show that about 71% of these reserves are concentrated on Binance, highlighting a pronounced liquidity tilt toward a single venue.
Binance accounts for an estimated $49 billion of these exchange-based reserves, while OKX and Bybit hold around $10 billion and $3 billion respectively. Together, the three exchanges control about 94% of stablecoin balances held on centralized venues, CryptoQuant contributor Crazzyblockk wrote on 29 December. The dominance of Binance in exchange-held stablecoin reserves underscores how a substantial share of short-term crypto liquidity is concentrated on a single venue.
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