Matrixport: Surge in Stablecoins Indicates Crypto Market Remains Resilient
Jinse Finance reported that Matrixport's daily chart analysis indicates that recent market volatility has intensified, but stablecoin capital continues to flow in, reflecting the market's strong resilience. Since the beginning of the year, Tether has issued approximately $42 billion in new tokens, while Circle has issued about $32 billion, totaling around $74 billion in capital continuously injecting momentum into the crypto ecosystem. Compared to the trillion-dollar scale predicted by US Treasury Secretary Bessent for the future, the current level is still relatively low, but it fully demonstrates that the digital asset sector is accelerating in maturity and development. With the trend of de-dollarization accelerating, market demand for stablecoins is further increasing. Stablecoins are not only an important channel for capital to enter high-yield assets but also a key tool for hedging against fiat currency depreciation risks. Overall, liquidity continues to flow into the crypto market, but the pathways have become more mature and diversified.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
ZAMA gains traction as 24h trading volume surges
Global economy risks fragmentation! Australia bets on AI as a new growth engine
In a potentially more fragmented and unpredictable global economy over the next 40 years, Australia relies on the deployment and development of artificial intelligence (AI) to drive economic growth.
Europe’s aviation fuel “red alert” in the fourth quarter: Shortfall will reach 510,000 barrels/day, South Korea’s exports surge to a four-year high to urgently fill the gap
According to analysts and shipping data, Europe will face a supply gap for aviation fuel in the fourth quarter, even as it turns to distant suppliers such as South Korea. South Korea's aviation fuel exports to Europe in September are set to reach a four-year high.
Apple (AAPL.US) nears a 5 trillion USD market capitalization, targeting Nvidia: the 1,999 USD foldable screen Duo becomes a critical battle.
Apple (AAPL.US) has unveiled its new iPhone, which could be the ticket for this consumer tech giant to reclaim its position as the most valuable company by market capitalization. The company is not far from reaching this goal.
