Binance Releases 22nd Proof of Reserves: Strong USDT Growth and Continued Transparency

Binance has released its 22nd proof of reserves as of September 1. The latest snapshot highlights a significant increase in Tether (USDT) holdings and stable overall reserves across major cryptocurrencies.USDT Holdings: User holdings of Tether have surged by 4.34%, reaching 22.11 billion USDT, with an impressive increase of 919 million USDT since the last snapshot. This growth reflects strong user confidence and demand for stable assets on Binance.BTC Holdings: Binance users continue to hold a solid 605,000 BTC, reflecting a minimal decrease of 1.27% from the previous period, demonstrating consistent interest in Bitcoin trading and investment.ETH Holdings: Ethereum holdings remain robust at 4.486 million ETH, with a slight decline of 4.58%, which aligns with broader market movements.