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Stablecoin market rises against the trend: ERC-20 supply reaches an all-time high, becoming a key liquidity indicator in the crypto market.
Key Points:
1. Stablecoins: Safe Haven and Growth Engine in Turbulent Markets
As Bitcoin struggles to break through its historical high and altcoins seek solid support, the stablecoin sector of the cryptocurrency market continues to expand. Since the start of this bull market cycle, the stablecoin market has demonstrated stable growth, solidifying its reputation as one of the most reliable and scalable use cases in the crypto space. Unlike highly volatile crypto assets, stablecoins provide crucial stability, liquidity, and utility in the areas of DeFi (decentralized finance), trading, and settlement.
2. ERC-20 Stablecoin Supply Hits Record High: $121 Billion
Analyst Darkfost's latest data reveals a key trend: the total supply of ERC-20 stablecoins is regaining momentum, reaching a historic peak of 121 billion USD today. This milestone is significant as it indicates that while other areas of the market seem stagnant, new demand and liquidity are flowing into the crypto ecosystem.
Analysis of Stablecoin Supply Growth:
3. Circle (USDC) Successfully Listed: Verifying Stablecoin Business Model
Stablecoins have become one of the most influential innovations in the crypto space, bridging a critical gap between traditional finance (TradFi) and DeFi. This narrative received a significant boost in June this year when stablecoin issuer Circle (NASDAQ: CRCL) successfully went public on the New York Stock Exchange. Circle's IPO was priced at $31 per share, far exceeding expectations—with the closing price on the first day reaching $82.84, an increase of 167%. Currently, CRCL's stock price is close to six times its IPO price, bringing the company a market capitalization of about $42 billion, strongly validating the viability of the stablecoin business model and market confidence.
4. Stablecoin Dominance Analysis: 7.90% Neutral Positioning
The weekly chart shows that the current stablecoin dominance (Stablecoin Dominance) remains at 7.90%. This level reflects the market's cautious yet ongoing interest in cryptocurrency liquidity reserves.
Implied Market Signals of Dominance Rate:
5. Summary: Stablecoins - Potential Catalysts for the Next Market Cycle
The growth of stablecoin supply highlights the resilience and core importance of this sector. While speculative tokens face resistance, stablecoins continue to thrive due to their utility value and widespread adoption. Whether used for hedging risks, executing DeFi yield strategies, or conducting capital transfers, their fundamental role in the crypto ecosystem is irreplaceable.
Key Signal:
Conclusion: The story of stablecoins is far from over – in fact, it may just be beginning.