On-chain analytics reveal that Binance’s total reserves are stable and remain within historically normal ranges. The cryptocurrency exchange currently holds close to $120 billion in digital assets across its wallets, reaffirming its position as the world’s largest cryptocurrency exchange by reserves.
This level of transparency provides confidence to users and regulators alike, especially as the industry places more emphasis on proof-of-reserves and institutional-grade custodianship. Despite market fluctuations, Binance’s asset backing continues to demonstrate resilience and consistency.
USDT (ERC20) Reserves Reach Record Levels
A major highlight from the recent on-chain data is that USDT (ERC20) reserves on Binance have hit a new all-time high of $42.8 billion. This milestone solidifies Binance’s dominance among centralized exchanges (CEXs) when it comes to stablecoin holdings.
USDT, issued by Tether, remains the most widely used stablecoin in crypto trading and DeFi activity. Binance’s massive USDT reserve suggests strong user demand, active liquidity, and a healthy trading environment on the platform.
On-chain data shows @binance reserves remain within normal historical ranges, with total reserves near $120B.
— Satoshi Club (@esatoshiclub) November 11, 2025
USDT (ERC20) reserves have reached a new all-time high of $42.8B, the largest stablecoin balance among centralized exchanges. pic.twitter.com/3286Cmhv3o
Stablecoin Dominance Reflects Market Confidence
Holding the largest stablecoin balance among CEXs is not just a number—it reflects trader behavior, trust, and capital flow. Traders typically move stablecoins like USDT onto exchanges when preparing to buy assets or participate in market activity.
This growing reserve also indicates increased user engagement and transactional liquidity. As stablecoins continue to play a critical role in crypto markets, Binance’s USDT dominance sends a strong signal of user trust and platform efficiency.