Binance has set a new record for stablecoin reserves, surpassing $31.3 billion.Stablecoin reserves on Binance declined between mid-2022 and mid-2023 but have been steadily rising since then.Growing stablecoin reserves indicate investor confidence and suggest an upcoming bull market for cryptocurrencies.Binance's increasing stablecoin reserves reinforce its control over market developments and may lead to higher trading volume.