This post was originally published on Coinspeaker
Key NotesCryptoQuant reported that Binance’s stablecoin reserve has topped $51.1 billion.To complete this, BTC and ETH inflows into Binance came in at $15 billion.Generally, there is a surge in the rate of stablecoin adoption.
Blockchain analytics platform CryptoQuant has reported a significant surge in Bitcoin BTC $88 502 24h volatility: 1.2% Market cap: $1.76 T Vol. 24h: $62.32 B stablecoin reserve on exchanges. Precisely, it hit a record of $51.1 billion, marking the highest level in all of history.
Binance Outperforms Other Exchanges in Stablecoin Reserve
According to CryptoQuant data, exchanges have been seeing a surge in inflows as the crypto market begins to correct.
At the same time, Binance’s stablecoin reserve hit $51.1 billion on Nov. 15, signifying the highest level recorded so far. This covers for USD-pegged stablecoins like Tether USDT $1.00 24h volatility: 0.0% Market cap: $184.52 B Vol. 24h: $77.55 B and USD Coin USDC $1.00 24h volatility: 0.0% Market cap: $75.28 B Vol. 24h: $4.85 B
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