Data: Matrixport, stablecoin growth slows down, weakening liquidity support in the crypto market
ChainCatcher news, Matrixport released its daily analysis stating that although the supply of stablecoins is still expanding, the rolling 12-month growth rate peaked and began to decline in late October. Data shows that USDT's annual growth rate has dropped from its October peak of 123% to the current 33%, while USDC's annual growth rate has fallen to 52% from its peak. Analyst Markus Thielen pointed out that the inflow of stablecoins and the increase in liquidity in the crypto market are cooling off simultaneously, and the shift in the Federal Reserve's expectations towards a more cautious stance is one of the key triggers for the weakening liquidity.
Although the absolute scale of new additions remains considerable, the overall liquidity environment may be weaker than previously expected.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Deutsche Bank’s Daniel Ghali sees stronger gold demand and higher copper prices in 2027
Full Statement from Nvidia Regarding Jensen Huang's Resignation and Leadership Team Restructuring
On the 12th, the board of directors announced that Jensen Huang has resigned from his positions as President, CEO, and board member, effective immediately. Current Executive Vice President and CFO Colette Kress has agreed to serve as interim CEO. The board has initiated a formal search for a new CEO and will consider candidates both inside and outside the company. At the same time, the board has appointed Harvey C. Jones as its first-ever Chairman.
Crypto prices
More
