CryptoQuant: Stablecoin liquidity growth has slowed down, and the market may be more inclined to enter a consolidation phase

According to Mars Finance, CryptoQuant's monitoring indicates that stablecoin liquidity growth has slowed, with weekly market capitalization expansion falling to approximately $1.1 billion, a significant decrease from the $4 billion to $8 billion per week seen during Bitcoin's rally in late 2024. Furthermore, USDT's 60-day growth is approximately $10 billion, down from a 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 22nd, with USDT accounting for $53 billion and USDC $13 billion. While stablecoin market capitalization growth remains positive, the slowdown suggests weakening market liquidity support, potentially signaling a consolidation phase rather than a sustained parabolic rally.