最新报道:Stablecoin issuance has surged recently, with Tether (USDT) and USD Coin (USDC) reaching market caps of $110 billion and $33 billion respectively. However, on-chain data shows these stablecoins are being minted but not actively circulating, suggesting reduced liquidity in crypto markets. Analysts note declining stablecoin trading volumes and exchange balances, indicating investors may be holding rather than deploying capital. The stablecoin supply ratio (SSR) for Bitcoin remains low, signaling weaker buying pressure despite BTC's price hovering around $70,000. This liquidity crunch could potentially impact market volatility and trading activity across crypto assets.