Data: Binance holds the largest share of stablecoin reserves, accounting for 59% of the total reserves According to CryptoQuant data, Binance leads in stablecoin reserves, with $31 billion in USDT and USDC holdings. Binance has the largest stablecoin reserves among all centralized exchanges, accounting for 59% of total reserves. In addition, Coinbase ranks first with a total reserve of $129 billion, while Binance ranks second in total reserves, holding a total of $110 billion in Bitcoin, ETH, USDT, and USDC, accounting for 60% of the total reserves of the top 20 exchanges. In terms of capital inflows, Binance has shown strong performance. As of May, it received $31 billion in USDT/USDC deposits, slightly exceeding Coinbase's $30 billion. Since 2025, Binance has attracted a cumulative inflow of $180 billion in stablecoins. In terms of the cumulative inflow of cryptocurrencies in 2025, Binance ranks among the top with $335 billion, and the average deposit volume of BTC also ranks first.