According to online reports, according to Matrixport, stablecoin funds continue to flow into the market. Although the growth rate has slowed down, it still shows a steady upward trend. According to the latest data, the market value of Tether (USDT) is close to US$14.6 billion, while the market value of Circle (USDC) remains at around US$6 billion. This phenomenon suggests that the crypto ecosystem is continuing to develop, and that crypto assets are gradually developing into a more irrelevant asset class amid uncertainty faced by global stock and bond markets. Analyst Markus Thielen pointed out that as the international tariff and trade war theory continues to heat up, potential application scenarios for cryptocurrencies have become more attractive, which also brings some optimism to the market outlook. Although the current growth trend is not enough to trigger a large-scale altcoin market, it clearly shows that the development of the industry is far from stagnant.