The ERC-20 stablecoin reserves on Binance have undergone notable fluctuations:

- Decrease and Recovery: Reserves dropped to 7 billion USD in 2023 but surged 300% to 28 billion USD in 2024, reaching a new all-time high.

- Role of Binance: As the largest cryptocurrency exchange, Binance is a liquidity hub, attracting traders and institutions for transactions, storage, and trading of stablecoins.

- Market Sentiment: The increase in reserves indicates restored confidence, with trading and staking activities on the rise.

This is a positive signal for the crypto market and reinforces Binance's role in the ecosystem!