Matrixport: Slowing growth of stablecoins and weakened liquidity support in the cryptocurrency market According to a report by Golden Finance, Matrixport released a daily analysis stating that although the supply of stablecoins is still expanding, the rolling growth rate over the past 12 months has peaked and fallen back in late October. The data shows that the annual growth rate of USDT has dropped from its peak of 123% in October to the current 33%, and the annual growth rate of USDC has dropped from its peak to 52%. Analyst Markus Thielen pointed out that the simultaneous cooling of stablecoin inflows and new liquidity in the cryptocurrency market, coupled with the Federal Reserve's expected shift towards greater caution, is one of the important triggering factors for the weakening of liquidity. Although the absolute increase in scale is still considerable, the overall liquidity environment may be weaker than previously expected.