TradFi-linked perpetuals exceed 10% of stablecoin volume, says Binance CEO

Perpetual futures linked to traditional finance (TradFi) assets now account for approximately 10% of total stablecoin trading volume, according to Binance CEO Richard Teng. In a post on X, Teng explained that stablecoins are rapidly becoming a key tool for settling stock-related transactions 24/7. He added that users can bypass delays common in traditional banking systems and save an average of 3.6%, or about $40, per transaction on withdrawal and conversion fees.