CryptoQuant's data released on the X platform shows that the current USDT market cap growth rate is close to 0%, lower than the 6.6% when Bitcoin broke through $70,000 in March. Faster growth in stablecoin liquidity is essential for the continued rise in crypto market prices. The liquidity of stablecoins (especially USDT) needs to be increased in order for the price of Bitcoin to rise further.