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Binance reveals having $40 billion in stablecoin in its cold wallets

FlavienNovember 11, 2022

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Binance reveals having $40 billion in stablecoin in its cold wallets

The need for trust and transparency has been made ever more important. Binance revealed on its website a list of cold wallet addresses, showing a reserve of $40 billion in stablecoins. The reserves shows also large holdings of BTC, ETH and BNB, for about $30 billion at the time of writing.

Crypto.com’s CEO took to Twitter to announce that the exchange would also publish audited proof of reserves.

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Flavien

Greetings, I go by the name of Flavien - a devoted supporter of cryptocurrency and a tech aficionado who has been keeping track of the developments in the world of blockchain and digital currencies since 2019. The potential of decentralized digital currencies to revolutionize our financial systems has captivated me, and I'm constantly exploring the most recent trends and advancements in this ever-evolving industry. As a content creator for Krypto Channel, my aim is to deliver informative and engaging articles that shed light on all aspects of the crypto world. Whether you're a seasoned investor or simply curious about blockchain technology, I am here to keep you updated on the latest happenings and trends. Being part of this lively and dynamic community is an honor, and I am thrilled to share my passion for cryptocurrency and blockchain with all of you.