According to the source, the global stablecoin supply is reported at an all-time high of $280 billion, a potential liquidity inflection for crypto markets, source: the source. Rising stablecoin float reduces the Stablecoin Supply Ratio (SSR), a metric Glassnode links with greater crypto buying power and historically stronger BTC trend strength when SSR declines, source: Glassnode. Inflows of USDT and USDC to exchanges often lead spot demand and higher trading volumes for BTC and ETH, making exchange stablecoin reserves a key timing gauge, source: CryptoQuant. USDT-margined perpetuals now represent the majority of crypto derivatives open interest, so additional stablecoin issuance can tighten spreads and support basis and funding dynamics, source: Kaiko. Traders should cross-verify the reported total and track token-level issuance using public dashboards before repositioning, and monitor SSR and exchange stablecoin reserves for confirmation, source: DeFiLlama.