Matrixport Reports Doubling of Fiat Inflows into Stablecoins

In the past week, the volume of fiat inflows into stablecoins has nearly doubled compared to previous periods, according to analysts at Matrixport.

#Matrixport Today ? — Nov 18: Record #Stablecoin Inflows Signal Strong #Crypto Demand#cryptomarket #MarketTrends #MarketInsights #CryptoInvesting #BTC pic.twitter.com/5IBTz4HFLL

— Matrixport Official (@Matrixport_EN) November 18, 2024

Experts noted the seven-day asset issuance indicator, which reflects the volume of fiat money inflows. The nearly twofold increase in this parameter indicates strong demand and significant new capital inflows into the crypto market.

Historically, the most substantial inflows are observed in the first quarter. Experts believe that even greater growth can be expected at the beginning of next year.

According to DeFi Llama, at the time of writing, the total market capitalization of stablecoins stands at $183.1 billion, having increased by 2.26% over the week.

Stablecoin TVL almost at ATH.
My only bullcase for ETH this cycle. pic.twitter.com/L4QCCJKhUP

— iholdspot (evm/acc) (@iholdspot) November 18, 2024

The total value locked in the market approached record levels.

On November 18, the firm Quantoz announced the launch of two stablecoins developed in accordance with MiCA requirements.