Binance has just reached its highest stablecoin reserves ever with 31 billion USD on December 11.

Previously, in June 2023, this figure was only 7 billion USD, indicating an increase of nearly five times.

The increase in stablecoin reserves often indicates that buying pressure is rising.

With reserves maintained around 30 billion USD, this shows that investors are still actively participating in the market, likely sustaining strong buying pressure.