Stablecoin reserves in exchanges reached $ 68b while supply growth slows down

Stablecoin reserves in centralized exchanges have risen to a new record of $ 68 billion, even when supply growth has decelerated. The last milestone, recorded on August 22, was promoted for $ 53 billion in USDT holdings and $ 13 billion in USDC balances.

According to a Cryptoquant chain aggregator report, this marks a clear rest of the previous records. The new total exceeds the previous peak of $ 59 billion established in February 2022, when Busd had a more important role. Since then, reserves have doubled since its October minimum, 2023, promoted by an increase of $ 28 billion after Donald Trump’s electoral victory.

Cooling time in Stablecoin liquidity

The increase in Stablecoin balances is often considered a sign of strong market liquidity. They provide the necessary funds for the purchase of assets, which makes them a key factor to support prices activity in digital assets.

However, despite the record levels in exchanges, the broader expansion of the Stablecoin supply has shown signs of deceleration. Since November 2024, net additions have softened, with only $ 1.1 billion in recent tickets compared to increases of $ 4 to $ 8 billion in the previous months.

Cryptoquant points out that this weakest supply expansion reduces the force of liquidity conditions for cryptographic markets. In previous cycles, the rapid growth of stable establishment aligned with notable prices manifestations, especially in Bitcoin and other important assets.

Consequently, periods of strong entries generally reflect a new capital that enters the ecosystem. The current deceleration suggests that less fresh money is moving to Stablcoins, which can limit the rhythm of new market advances.

Tether’s growth slows down the market domain

Tether continues to dominate exchange reserves, but its growth rate has decreased by 2025. In the last 60 days, the supply of USDT expanded at $ 10 billion. This is less than half of the increase of $ 21 billion registered at the end of 2024.

The deceleration is reflected in the latest figures, which also occurred slightly below the 30 -day mobile average, indicating a slowdown in capital entries. Cryptoquant interprets this as a reduced impulse in one of the largest liquidity sources in the market.

Even so, the report concludes that liquidity is still supported, although not as strong as at the end of 2024. Looking towards the future, if the expansion of the supply continues to cool, the markets can move towards consolidation. The renewed broadcast, however, could still trigger another round of bullish impulse.