Summary
- CryptoQuant reported that the growth rate of stablecoins is slowing down.
- It was stated that new issuance, which reached $4 billion–$8 billion at the end of 2024, has recently dropped to $1.1 billion.
- They also reported that Bitcoin (BTC) upward momentum is limited due to a slowdown in liquidity supply.
On the 27th (local time), the on-chain analysis platform CryptoQuant stated via X (formerly Twitter) that "the growth of stablecoins is slowing down."
According to CryptoQuant, the amount of new issuance, which stood between $4 billion and $8 billion at the end of 2024, has recently decreased to $1.1 billion.
They added, "Due to slowing liquidity supply, the upward momentum of Bitcoin (BTC) is also being restricted."
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
