CryptoQuant: The growth of stablecoin liquidity has slowed down, and the market may be more inclined to enter a consolidation phase

ChainCatcher news, according to CryptoQuant monitoring, the growth of stablecoin liquidity has slowed down, with the market capitalization weekly expansion dropping to about 1.1 billion USD, significantly reduced from the weekly 4 to 8 billion USD during the Bitcoin rally at the end of 2024.

In addition, the 60-day growth of USDT is about 10 billion USD, down from a previous peak of over 21 billion USD. Despite the slowdown in issuance, the total reserves of stablecoins on exchanges reached a historical high of 68 billion USD on August 22, with USDT accounting for 53 billion USD and USDC for 13 billion USD. The market capitalization growth of stablecoins remains positive, but the slowing growth rate indicates weakened market liquidity support, or a greater tendency to enter a consolidation phase rather than a sustained parabolic rise.