Matrixport: The growth of stablecoins has significantly slowed, and the upward momentum in the crypto market faces considerable resistance.

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Odaily Planet Daily reports that Matrixport released a chart today stating that U.S. Treasury Secretary Scott Bessent recently mentioned that the market size of USD stablecoins could expand to $3 trillion in the coming years. In the long term, the trend of digital dollar penetration continues, and the overall narrative is optimistic. However, the latest data shows that short-term momentum has weakened: the growth of stablecoins has significantly slowed, showing signs of stagnation.

This decline will not only suppress Bitcoin but also pose considerable resistance to the entire crypto ecosystem. Stablecoins are the most important liquidity infrastructure in the crypto market; a stagnation in supply expansion often means funds are withdrawing from the chain and returning to fiat currency, rather than remaining in the crypto market to circulate. If stablecoins maintain a high net outflow, Bitcoin’s liquidity environment is likely to remain tight in the short term, making recovery difficult. Even if the market structure bill passes smoothly, if genuine demand and capital inflows do not accelerate again, stablecoin supply may not immediately return to an expansion track.

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