A study published by CryptoQuant last Tuesday (18) reveals that stablecoin reserves on exchanges fell 20%, from $80 billion to $64 billion, between November 2025 and August 2026.

Despite this, Binance showed the smallest decline among the largest exchanges and, as a result, increased its market dominance.

As for stablecoins, USDT continues to be investors’ preferred currency, accounting for more than 80% of exchange reserves.