Golden Finance reported that CryptoQuant contributor Darkfost posted that Binance’s stablecoin reserves reached US$31 billion on December 11, a record high. Notably, Binance’s stablecoin reserves stood at just $7 billion in June 2023, growing nearly fivefold since then. An increase in stablecoin reserves usually means buying pressure is rising. The current reserve level remains at around US$30 billion, which shows that investors are still actively active in the market and may continue to maintain strong buying pressure.