PANews reported on August 28 that according to CryptoQuant monitoring, the growth of stablecoin liquidity has slowed down, and the weekly expansion of market capitalization has dropped to about US$1.1 billion, a significant decrease from the US$4 to US$8 billion per week during the Bitcoin rise in late 2024.

Furthermore, USDT’s 60-day growth is approximately $10 billion, down from its previous peak of over $21 billion. Despite the slowdown in issuance, total stablecoin reserves on exchanges reached a record high of $68 billion on August 22, of which USDT accounted for $53 billion and USDC for $13 billion.

The growth of stablecoin market capitalization remains positive, but the slowdown in growth means that market liquidity support has weakened, and it may be more inclined to enter a consolidation phase rather than a sustained parabolic rise.