Matrixport: The rapid expansion of stablecoins continues to drive the encryption industry forward, with $76 billion in fiat flowing into the crypto market.

Golden Finance reports that Matrixport's daily icon analysis states that the rapid expansion of stablecoins continues to drive the encryption industry forward. Before Trump was elected in November last year, Tether's market capitalization soared from $120 billion to $165 billion; Circle's market capitalization also rose from $34 billion to $65 billion. With just two channels, there has been a total of $76 billion in fiat funds flowing into the crypto market, not including the incremental funds from other channels. The acceleration of funds inflow and the increasingly clear regulatory environment indicate that this trend is still in its early stages, and it also releases a strong signal that the foundation of the crypto industry is accelerating and solidifying, with continuous expansion of development space.