Messari Report on liquidity: odd factoid re:Stablecoin market cap…

Flair seemed best fit, though it isn’t a perfect.

Rising tide lifts all boats and all that, but not so in stable land. So saith Messari.

[quote] stablecoin market cap hasn’t necessarily bottomed just because its total market cap is momentarily flat. Furthermore, it’s notable that stablecoin market cap hasn’t increased despite heightened institutional interest. Regardless…[/quote]

Whoa… That’s not a ‘whatever’. That seems like a pretty relevant! Growing institutional involvement in this space and table coin market cap remaining flat doesn’t make a lot of sense.

This simply doesn’t track, What am I missing?