TechFlow, Dec 16 — Matrixport's daily analysis shows that while stablecoin supply continues to expand, the 12-month rolling growth rate peaked in late October and has since declined. Data indicates that USDT's annual growth rate has dropped from a peak of 123% in October to 33% currently, while USDC's annual growth rate has fallen from its peak to 52%.
Analyst Markus Thielen noted that the slowdown in stablecoin inflows coincides with cooling liquidity growth in the crypto market, with the Federal Reserve's shift toward a more cautious stance being one of the key triggers for weakening liquidity. Although the absolute level of new issuance remains substantial, the overall liquidity environment may be weaker than previously expected.
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