total stablecoin supply exceeded $50 billion

[trendcoin]

According to data available on theblockcrypto.com, the total supply of stablecoins has exceeded $50 billion. Do you think there is an expectation of a bull scenario with this money? Or will there be a bear season that will facilitate the transition to cash? What do you think about the issue, in which direction will 50 billion dollars change the market?

https://www.theblockcrypto.com/data/decentralized-finance/stablecoins

[IyemRoker]

As time goes by, this stable coin will undoubtedly continue to be widely used or sought after for the development of altcoins and Bitcoin.
So, it is only natural that stable coins circulating in the cryptocurrency market have increased to 50,000,000 USD because it is certain that altcoins need a stable coin to support prices.
This is in my experience because I wish I had more stbail coins than to HODL junk coins!

[MrSpasybo]

Stable coin does not have much value in investment but it is seen as one of the positive factors for the market. As the number and value of stable coins increases, we can understand that there is a volume of assets ready to be pumped into the capitalization of Bitcoin & altcoins, that is, the uptrend is coming. However, sometimes it also means that the capitalization from bitcoin & altcoins is flowing to stable coins.
In this case, I believe the next bullrun is coming very close and we can prepare for that now.

[Spaffin]

I believe that the growth in a stable cryptocurrency is due to two factors, and the first is fixing your profit in the cryptocurrency market, when cryptocurrencies reach a certain maximum. Most cryptocurrency users use stable cryptocurrencies for these purposes. And another factor is the rather massive migration of the dollar to its digital version, that is, to USDT, which is provoked by economic problems in different countries.

[trendcoin]

the market looks engorged and unstable. I have a hard time predicting that they will enter altcoins with this many stablecoins. however, it is difficult to come up with a definitive idea. So I can't find any other way but to wait and see. The best policy of tough times: "avoid taking risks, wait and see" :)

[damsix]

If we look at the previous year 2017 and 2018 for March in 2021 it is Bearish time.
I am not sure about this issue as the marketcap of this stable coin continues to rise and it is difficult to be contained by bad news or FUD.
I think if that $ 50 billion will enliven the cryptocurrency in the future, it will definitely feel great not to be missed by us as Bitcoin traders on the Binance market.