Binance has seen a major comeback in stablecoin activity, with over $1.8 billion in USDC flowing in across just three days.
According to on-chain data, inflows of $658M on the 14th of October, $401M on the 16th, and $767M on the 17th show a clear rise in market liquidity.
Source: Cryptoquant
At the same time, Binance’s stablecoin-to-Bitcoin ratio has dropped to 0.8149 (its lowest level since 2023). The pool of stablecoins on the exchange is growing faster than Bitcoin reserves.
Source: CryptoQuant
This means traders are holding liquidity, ready to buy. Such declines in this ratio have so far come during accumulation phases, which were often followed by major price upswings.
Reserves hit new highs
Building on Binance’s strong inflow trend, overall stablecoin reserves across all exchanges have surged to about $66.2 billion.
Source: CryptoQuant
The chart showed a steady climb from early September, indicating growing liquidity on trading platforms. This increase means that traders are holding more dollar-backed assets like Tether [USDT] and USDC on exchanges.
Rising reserves are usually a buildup of buying power, while investors wait for favorable price conditions to make a move.
Stablecoins in 2025
In a recent research report, TRM Labs noted that stablecoins accounted for nearly 30% of all transaction volume between January and July this year.
Price stability and accessibility (especially in developing markets) have made them a preferred bridge between TradFi and digital assets.
Source: TRM Labs
USDT and USDC dominate with over 90% market share, while annual transaction volumes have surged past $4 trillion, up 83% YoY.
Source: TRM Labs
On the regulatory front, major frameworks like the US GENIUS Act, Hong Kong’s Stablecoin Bill, and the EU’s MiCA have helped with credibility.
