Binance Keep $ 1B in ERC-20 Stablecoins

Binance has over $ 1 billion in ERC-20-based stabilcoins. This figure exceeds one achievement far ahead of Huobi’s second place.

As stated by Nansen’s global exchange balance, Binance had $ 1,007,585,549 in stabilcoins at press time which the remaining balanced of it has increased around $ 105,583,132 over the past week.

These companies are clearly leading the pack in stabilizing the balance sheet. Third place Bitfinex fell from $ 66 million around $ 58,997,388. Fourth place Bittrex keep about $ 50,927,291.

The Binance Dollar score out the $ 100 million market cap

The Binance Dollar recently surpassed the $ 100 million market cap, the first time stablecoin did it

Binance’s CEO Changpeng Zhao added:

“We are looking forward to seeing more utility through the power of stable digital assets and serving our part with BUSD, an NYDFS-approved USD-based stable coin.”

Source: cointelegraph.com

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