Matrixport: Rapid expansion of stablecoins continues to drive the cryptocurrency industry forward, with $76 billion in fiat currency flowing into the cryptocurrency market

According to a report by Golden Finance, Matrixport released a daily chart analysis stating that the rapid expansion of stablecoins continues to drive the development of the cryptocurrency industry forward. Before Trump's election in November last year, Tether's market value soared from $120 billion to $165 billion; The market value of Circle has also increased from $34 billion to $65 billion. Only through two channels, a total of $76 billion in fiat funds flowed into the cryptocurrency market, and this has not yet been accounted for in other channel increments. The acceleration of capital inflows and the increasingly clear regulatory environment indicate that this trend is still in its early stages, and also sends a strong signal that the foundation of the cryptocurrency industry is accelerating and stabilizing, and the development space continues to expand.