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Binance holds $ 1 billion in ERC-20 stable parts


Binance holds $ 1 billion in ERC-20 stable parts

Binance has more than $ 1 billion in stable parts based on the ERC-20 as of March 24. This figure exceeds a milestone that far exceeds Huobi, second place.

Binance holds $ 1,007,585,549 of these stable parts at the time of publication, a balance which has increased by $ 105,583,132 over the past seven days, according to Nansen’s global stable parts trade balance.

Huobi’s balance is slightly more than half that amount: $ 694,327,505. This figure represents growth of $ 165,823,720 over the same seven days as Binance.

These companies are clearly ahead of the pack in terms of stable equilibrium. Third place, Bitfinex went from $ 66 million to around $ 58,997,388. Bittrex, fourth, holds approximately $ 50,927,291.

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Binance Dollar Exceeds Market Cap of $ 100 Million

The news comes in the midst of Binance Dollar, which recently surpassed market capitalization by $ 100 million, the first of this kind of stable currency to do so, according to a March 10 report by Cointelegraph.

At that time, Binance CEO Changpeng Zhao said, “We are looking forward to seeing more utility from the power of stable digital assets and serving our part with BUSD, a stable piece based on the USD. NYDFS approved. “

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