[CryptoQuant: ERC20 Stablecoin Supply Surpasses $160 Billion, Reaching a Historic High] The latest report from CryptoQuant shows that the total supply of ERC20 stablecoins surpassed $160 billion in 2025, setting a new all-time high. The report highlights a significant correlation between stablecoin supply and Bitcoin price trends, with stablecoin growth typically preceding Bitcoin price increases. During the 2021 bull market and the 2024-2025 market recovery, the growth in stablecoin supply consistently occurred before Bitcoin price surges. The CryptoQuant research team stated that the current stablecoin supply is at a historic high, reflecting a sustained strengthening of underlying market purchasing power.