Matrixport: The growth of stablecoins has significantly slowed down, making it harder for the crypto market to rise.

According to Odaily, Matrixport released today's chart stating that U.S. Treasury Secretary Scott Bessent recently mentioned that the market size of USD stablecoins is expected to expand to 3 trillion USD in the coming years. In the long term, the penetration trend of digital USD continues, and the overall narrative remains positive. However, the latest data shows that short-term momentum has weakened: the growth of stablecoins has significantly slowed down, showing signs of stagnation in the current phase.

This decline will not only suppress Bitcoin but also bring considerable resistance to the entire crypto ecosystem. Stablecoins are the most important liquidity infrastructure in the crypto market; stagnation in supply expansion often means that funds are being withdrawn from on-chain and flowing back to fiat, rather than staying in the crypto market for continued rotation. 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 real demand and capital inflows do not accelerate again, the supply of stablecoins may not immediately return to an expansionary trajectory.