Matrixport: Surge in Stablecoins Highlights Resilience of the Crypto Market

BlockBeats News, October 15th, Matrixport shared market insights stating that recent market volatility has intensified, but stablecoin funds continue to flow in, reflecting that the market still possesses strong resilience. Since the beginning of the year, Tether has issued approximately $42 billion, while Circle has issued around $32 billion, totaling about $74 billion in funds continuously injecting momentum into the crypto ecosystem. Compared to the future trillion-dollar scale predicted by US Treasury Secretary Bessent, the current level, though still relatively low, has fully demonstrated that the digital asset space is accelerating in maturity and development.

Matrixport predicts that as the trend of de-dollarization accelerates, the market's demand for stablecoins will further increase. Stablecoins are not only an important channel for funds to enter high-yield assets but also a key tool to hedge against fiat depreciation risks. Overall, liquidity continues to flow into the crypto market, with the path becoming more mature and diverse.