Binance Stablecoin Reserves Fall to One-Year Low of $41.6 Billion

Binance’s stablecoin reserves fell to $41.6 billion, their lowest level in a year after a $6.3 billion decline since April, leaving less dollar-linked liquidity on the exchange. The market value of stablecoins held on Binance has fallen 4.7% over the past 90 days. A monthly net-flow measure shows average outflows of $62 million. Those readings cover different periods from the $6.3 billion decline since April. Exchange-held stablecoins indicate how much dollar-linked value is present on trading venues, though changes in those balances alone do not show why the funds moved. Enna Lee reports on investing and digital-asset markets for TokenPost.