Increased stablecoin supply shows that the adoption of crypto currencies has increased and becomes the main current. David Pakman from Coinfund says that the stablecoin supply of $ 1 trillion can trigger the next crypto bull run.
Global stablecoin supply can rise to 1 trillion dollars!
According to Coinfund’s manager David Pakman, the global stablecoin supply may rise to $ 1 trillion by the end of 2025. This can potentially become an important catalyst for further growth of the crypto currency market. In this context, Pakman said, “This year, the stablecoin supply will increase dramatically. says.
Such a growth is modest compared to global financial markets. However, Pakman says that he will represent a “significant important çekim change for Blockchain -based finance.
This opens the lock of a significant rise in defi activity!
Pakman also argues that the capital increase in Blockchain can further support non -decentralized finance activities when combined with increasing interest in stock market investment funds (ETFs). In this direction, “If this year is allowed to provide stake prizes or return to the owners of ETFs, this will open a really meaningful rise in defi activity with its broad definition.” says.
Meanwhile, according to Glassnode’s latest data, the total stablecoin supply in the five largest stablecoin increased to more than $ 208 billion and reached the highest level of all time.
Stablecoins, total supply. Source: GlassnodeIntothheblock: We are in the middle of the crypto currency bull run!
“This is a big catalyst that has been missing for more than a decade. This is a big movement in Blockchain, which includes such a great movement in Blockchain, Dav he adds.
According to Intotheblock analysts, the increasing stablecoin supply has recently exceeded $ 219 billion and continues to rise. This shows that the crypto currency is probably still in the middle of the cycle, contrary to the summit of the bull run of the market.
The adoption of stablecoins is increasing in the crypto currency world
As you follow from kriptokoin.com, the use of stablecoins for daily payments is increasing. This shows the effectiveness of blockchain -based operations. Pakman makes the following statement:
Since 2021, we have increased more than 22 times the stablecoin volume. We have seen a significant decrease in the size of each stablecoin process. This indicates that they are used for more payment and less large transfers.
Meanwhile, Cryptoquant Founder and CEO, Ki Young Ju, says that Stablecoins are used for payments and as a value store. Therefore, Pakman’s comments are compatible with Young Ju’s statements. However, Ju says that stablecoin supply will not be enough to raise Bitcoin’s price without additional catalysts.
BTC-STABLECoin ratio. Source: Ki Young Ju
