Post #2134

Everyone is focused on price, but it's worth keeping an eye on macro factors as well. The GENIUS Act has already been passed, and full-scale stablecoin adoption is likely to occur 12-24 months after the midterm elections. Given that prediction markets view a divided Congress as the baseline scenario, we'll likely see a slow regulatory clarification rather than a policy shock. Markets prefer that. Meanwhile, the supply of ERC-20 stablecoins has once again exceeded $150 billion and continues to grow – historically, this has been the clearest indicator of liquidity before major cycles. Right now, the liquidity base appears structurally sound.