BlockBeats news, on August 28, according to Lookonchain statistics, Tether minted 1 billion USDT today, and Circle minted 250 million USDC today. In the past month, Tether and Circle have collectively minted stablecoins worth 8.75 billion dollars.
The increase in the number of newly minted stablecoins on-chain usually reflects a growing demand for stablecoins in the market and an increase in user participation, often associated with bullish sentiment in the cryptocurrency market, with more funds flowing into the crypto ecosystem.
