According to Ai 姨 (@ai_9684xtpa) on Twitter, Binance has converted most of its profits from the past three months into USDT, as revealed in its latest reserve report published on May 8, 2025 (source: Twitter). This move follows observations from February, highlighted by @bitfish1, where Binance’s excess reserves—mainly its own funds—were nearly depleted except for USDC, which was reportedly distributed as shareholder dividends (source: Twitter). The shift to stablecoins like USDT indicates a defensive posture, suggesting Binance is preparing to weather potential market downturns. Traders should note that such stablecoin accumulation by major exchanges often signals risk aversion and could impact market liquidity and sentiment, especially in the short term.