ChainCatcher news, according to Lookonchain statistics, Tether has minted 1 billion USDT today, and Circle has minted 250 million USDC today. Over the past month, Tether and Circle have minted a total of stablecoins worth 8.75 billion dollars.

The increase in the number of stablecoins minted on-chain usually reflects the growing demand for stablecoins in the market and a rise in user participation, often associated with bullish sentiment in the crypto market, indicating that more funds are flowing into the crypto ecosystem.