Binance Dominates Exchange Stablecoin Liquidity in Q3 2025

Binance now controls 67% of all exchange-based stablecoin liquidity, amounting to $44.2 billion as of Q3 2025, marking a record surge driven by USDT/USDC inflows.

This surge raises concerns about market structure and potential systemic risk, while also influencing market liquidity, especially for major cryptocurrencies like Bitcoin and Ethereum.

Binance recorded a historic high by controlling 67% of stablecoin liquidity, reaching $44.2 billion in Q3 2025.

The liquidity surge in Binance indicates institutional confidence and possible market recovery while highlighting risks of centralization.

Binance Grabs 67% of Exchange Stablecoin Liquidity

Binance now commands a substantial 67% of exchange-based stablecoin liquidity, holding $44.2B out of $68B total market in Q3 2025, as USDT/USDC inflows surge.

The exchange significantly outpaces competitors like OKX, Bybit, and Coinbase. Binance CEO Richard Teng has yet to comment on these changes, which illustrate dominant market positioning.

Institutional Inflows Mark Recovery Amid Liquidity Concerns

Institutional inflows of $1.65B into Binance suggest growing confidence in recovering crypto markets, potentially benefiting major cryptos like BTC and ETH as increased trading activity is anticipated.

Retail investors express concerns over liquidity centralization on social platforms, emphasizing decentralization and diversification to mitigate risks associated with such concentration. source

Market Events Echo Past BTC Rally Patterns

Past liquidity events have typically preceded significant market movements, as witnessed in March 2025 when similar conditions led to a notable BTC rally.

Experts note that current patterns may herald positive trends, yet caution remains due to potential systemic risks tied to this liquidity concentration.

Stablecoin balances on centralized platforms have reached a new high, hitting a record $68 billion.

— CryptoQuant, On-chain Analytics, CryptoQuant, source

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