WhaleFUD reported that Binance's stablecoin reserves have exceeded $31 billion, marking a record high and reflecting increased liquidity on the exchange. This development was reported on X on March 7.

In March 2025, the stablecoin market capitalization experienced a 3.5% increase, reaching approximately $224.9 billion. According to WhaleFUD, this growth reflects a rising demand for stablecoins, which are commonly used by traders to hedge against market volatility and facilitate seamless transactions between different cryptocurrencies. The expanding stablecoin market underscores their integral role in the broader cryptocurrency ecosystem.

According to WhaleFUD’s official X profile, the account is run by an early member of the Shiba Inu Chief Technology Officer (CTO) team and has been active since July 2015. WhaleFUD is known for covering major cryptocurrency market movements, particularly whale activity, and has built a strong following of over 446,000 users. Additionally, the account is involved in promoting Mars ERC-20 ($MARS), a crypto project aligned with Elon Musk’s vision for Mars colonization.

Binance, founded in 2017, is the world's largest cryptocurrency exchange by daily trading volume and offers services such as spot trading, staking, and blockchain project support. In recent years, Binance has made investments in anti-money laundering (AML) measures, including enhanced Know Your Customer (KYC) protocols and advanced transaction monitoring systems to strengthen compliance and meet global regulatory standards, according to their website.