Binance dominates the stablecoin market with approximately 31 billion USD in USDT and USDC, representing 59% of the industry’s total stablecoin reserves.
In May 2025, Binance attracted 31 billion USD in stablecoin deposits, closely following Coinbase’s 30 billion USD. Year-to-date, Binance has recorded 180 billion USD against Coinbase’s 195 billion USD.
Binance enhances its credibility through Proof-of-Reserves reports, appealing to institutional and retail investors, especially as it recorded the highest average Bitcoin deposit of 7 BTC on May 22.
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