Binance Stablecoin Reserves Reach Record $45 Billion Amid Market Volatility

Binance's stablecoin reserves have reached a record $45 billion, reflecting increased liquidity as traders anticipate Q4 volatility.

  • Ethereum-based stablecoins are favored, with ERC20 USDT reserves at $32.6 billion and USDC at $7.4 billion.
  • Total Binance stablecoin reserves increased as the Fed reduced interest rates by 25bps.

Binance stablecoin stacked chart portfolio

The exchange saw over $2.1 billion in combined USDT and USDC inflows in one day, alongside a $1 billion Bitcoin inflow on September 16.

Whale Deposits Rise

  • Whale deposits averaged $214,000, up from $63,000 in July, indicating rising institutional activity.
  • Altcoin deposits on Binance surged to 25,000 compared to 6,000 on Coinbase, with overall altcoin address activity doubling since early September.

Altcoin Season Ahead?

  • Analysts suggest potential strong altcoin rallies in Q4, with historical trends favoring crypto bulls.
  • Predictions indicate alternative cryptocurrencies could increase significantly, naming HYPE, ONDO, and SUI as top picks.

The broader crypto market saw a 1.48% gain in market cap on September 18.