The market-denominated stablecoin, #Tether , has surpassed the record $120 billion market cap for the first time, signaling a potential bullish rally in the#cryptocurrencymarket.

#Stablecoinsare the gateway between fiat currencies and cryptocurrencies. A growing supply of stablecoins is used as a signal to predict an upcoming bullish market rally, as it suggests that investors are accumulating stablecoins before investing in cryptocurrencies.