USDC accounts for 55.78% of Binance reserves, about 1.877 billion

Nansen data shows that of Binance's current reserves of nearly US$3.372 billion, USDC accounts for 55.78%, or about 1.877 billion coins; while Binance's BUSD reserves are only 57.3263 million coins.

Nansen data researcher Martin Lee tweeted late yesterday that BUSD in Binance reserves has increased by $1.5 billion in the past seven days.

Earlier on February 13, the New York State Department of Financial Services ordered Paxos to stop issuing new BUSD tokens; Zhao Changpeng said that Binance may no longer use BUSD as the main currency pair for transactions.