PANews reported on April 4 that according to Cointelegraph, the IntoTheBlock report showed that although the entire cryptocurrency market value fell by 19% in the first quarter of 2025, the total supply of stablecoins increased by more than 30 billion US dollars in the first quarter. IntoTheBlock analyst Juan Pellicer said that the increase in the supply of stablecoins reflects a "cautious stance, with investors holding stablecoins as a hedge, possibly waiting for market stabilization or a better entry point."