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

【CryptoQuant: The growth of stablecoin liquidity has slowed down, and the market may be more inclined to enter a consolidation phase】 According to a report by Golden Finance, monitored by CryptoQuant, the growth of stablecoin liquidity has slowed down, with the market capitalization weekly expansion dropping to about 1.1 billion dollars, a significant decrease from the 4 to 8 billion dollars per week during the Bitcoin upward period at the end of 2024. Additionally, the 60-day growth of USDT is about 10 billion dollars, down from a previous peak of over 21 billion dollars. Despite the slowdown in issuance, the total stablecoin reserves on exchanges reached a historic high of 68 billion dollars on August 22, with USDT accounting for 53 billion dollars and USDC for 13 billion dollars. The market capitalization growth of stablecoins remains positive, but the slowdown in growth indicates a weakening of market liquidity support, and the market may be more inclined to enter a consolidation phase rather than a sustained parabolic upward trend.