Matrixport: The growth of stablecoins has明显放缓, and the upward resistance in the crypto market is relatively high

Matrixport released a chart today stating that U.S. Treasury Secretary Scott Bessent recently mentioned that the market size of dollar stablecoins is expected to expand to $3 trillion in the coming years. In the long term, the penetration trend of the digital dollar continues, and the overall narrative is leaning positive. However, the latest data shows that short-term momentum has weakened: the growth of stablecoins has noticeably slowed, showing signs of stagnation in phases.

This decline will not only suppress Bitcoin but also pose significant resistance to the entire crypto ecosystem. Stablecoins are the most important liquidity infrastructure in the crypto market; a stagnation in supply expansion often means that funds are being withdrawn from the chain and flowing back to fiat currency, rather than remaining in the crypto market for continued rotation. If stablecoins maintain a high net outflow, the liquidity environment for Bitcoin 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 track.