Matrixport: Stablecoins surge, crypto market remains resilient

Matrixport released a daily chart analysis, stating that the recent market volatility has intensified, but stablecoin funds continue to flow in, reflecting that the market still has strong resilience. Since the beginning of the year, Tether has issued about $42 billion in new issuances, while Circle has issued about $32 billion, totaling about $74 billion in funds continuously injecting momentum into the cryptocurrency ecosystem. Compared to the future trillion-dollar scale predicted by U.S. Treasury Secretary Bessent, the current level is still relatively low, but it already fully reflects the accelerating maturity and development of the digital asset field.

With the acceleration of the de-dollarization trend, the market's demand for stablecoins is further increasing. Stablecoins are not only an important channel for funds to enter high-yield assets, but also a key tool for hedging against the depreciation risk of fiat currencies. Overall, liquidity is still continuously flowing into the cryptocurrency market, but the path has become more mature and diverse.