Stablecoin reserves on exchanges found $ 68 billion while the growth of delivery slows down

Stablecoin reserves on centralized exchanges have risen to a new record of $ 68 billion, even if the growth in delivery is delayed. The last milestone, recorded on August 22, was driven by $ 53 billion in USDT Holdings and $ 13 billion in USDC -Saldi.

By one report Due to the cryptoquant on the chain aggregator, this is a clear break of earlier records. The new total exceeds the previous peak of $ 59 billion set in February 2022, when Busd played a greater role. Reserves have since more than doubled from their depth of October 2023, encouraged by an increase of $ 28 billion after the Donald Trump election victory.

Cooling momentum in the liquidity of the stablecoin

Stabile -bali are often seen as a signal of strong market lifidity. They offer the funds needed to purchase assets, making them a key factor in supporting price activity in digital assets.

Despite record levels on exchanges, the broader expansion of the STABLECOIN supply has shown signs of delay. Since November 2024, the net supplements have been softened, with only $ 1.1 billion in recent inflow compared to $ 4 – $ 8 billion increases in earlier months.

Cryptoquant notes that this weaker expansion of the delivery reduces the strength of liquidity conditions for crypto markets. In earlier cycles, rapid stablecoin growth is tailored to remarkable price rallies, especially in Bitcoin and other large assets.

Consequently, periods of strong inflow usually reflect new capital that comes in the ecosystem. The current delay suggests that less fresh money is moving to Stablecoins, which can limit the pace of further market pre -trips.

Tether’s growth slows down despite the dominance of the market

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

The delay is reflected in the latest figures, which also came slightly below the 30-day progressive average, which indicates a delay in capital flows. Cryptoquant interprets this as a reduced momentum in one of the largest liquidity sources in the market.

Nevertheless, the report concludes that liquidity remains supportive, although not as strong as at the end of 2024. Looking ahead, if the expansion of the offer continues to cool, markets can go to consolidation. However, renewed issue can still cause a new Tour of Bullish Momentum.