Bybit Releases 29th Proof of Reserves, Stablecoin Balances Surge
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: Dec 25 2025- Decline in Bitcoin and Ether Holdings: As of December 17, Bybit users held approximately 63,200 BTC, reflecting a 5.49% decrease from November 19, indicating a reduction in direct exposure to major crypto assets amid market volatility.
- Significant Growth in Stablecoin Balances: In contrast, USDT balances surged to around $6.05 billion, marking an 8.13% increase, equivalent to approximately $450 million in net inflows, demonstrating users' shift towards lower-volatility assets to maintain liquidity in uncertain market conditions.
- Global Business Adjustments: Bybit has halted new user registrations in Japan as of October 31, 2025, due to regulatory pressure, with phased service restrictions planned for existing accounts in 2026, while expanding its regulated presence in Europe and the UK.
- Enhanced Market Adaptability: The latest Proof of Reserves indicates a risk-off strategy among users favoring stablecoins rather than capital flight, reflecting the platform's flexibility in adapting to user needs amidst changing market dynamics.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
