PANews reported on March 29 that according to Cointelegraph, David Pakman, managing partner at CoinFund, stated that the global stablecoin supply could surge from the current scale of approximately $225 billion to $1 trillion, potentially becoming a key catalyst for cryptocurrency market growth. David Pakman added that such scale of growth is not considered large compared to the global financial markets. Since 2021, stablecoin trading volume has increased more than 22 times, indicating increased on-chain capital flow, and the current stablecoin supply suggests that the market may still be in the mid-cycle, far from reaching the peak of a bull market.