Matrixport: Stablecoin Growth Has Slowed Significantly, Resistance to Crypto Market Upside Is Relatively High

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

This decline will not only suppress Bitcoin but also pose significant resistance to the entire crypto ecosystem. Stablecoins are the most critical liquidity infrastructure in the crypto market; a halt in supply expansion often indicates that funds are being withdrawn from on-chain assets back into fiat currency, rather than staying within the crypto market to continue circulating. If stablecoins maintain a high net outflow, Bitcoin's liquidity environment 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 fail to re-accelerate, stablecoin supply may not immediately return to an expansionary trajectory.