Rising $219B stablecoin supply signals mid-bull cycle, not market top

The current crypto market correction is merely the middle of the bull cycle, not the top, based on the steadily growing stablecoin supply, which may signal more incoming investment according to analysts.

The cumulative stablecoin supply has surpassed $219 billion, suggesting that the current cycle is still far from its top.

Historically, stablecoin supply peaks have aligned with crypto cycle tops, according to a March 14 X post by crypto intelligence platform IntoTheBlock, which wrote:

“In April 2022, supply hit $187B—just as the…