CryptoQuant: Slowing Stablecoin Liquidity Growth May Signal Market Consolidation

CryptoQuant data shows that stablecoin liquidity growth is slowing, with weekly market cap expansion dropping to approximately $1.1 billion, significantly lower than the previous $4 to $8 billion per week. The 60-day growth of USDT is around $10 billion, down from its peak of $21 billion. Nevertheless, the total stablecoin reserves on exchanges reached a record high of $68 billion on August 22, with USDT accounting for $53 billion. Analysts believe that the slowdown in stablecoin growth may indicate that the market is leaning toward a consolidation phase.