Golden Finance reports that, according to Lookonchain statistics, Tether has minted an additional 1 billion USDT today, and Circle has minted an additional 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 stablecoins minted on-chain usually reflects a growing demand for stablecoins in the market and higher user participation, often related to bullish sentiment in the crypto market, with more funds flowing into the crypto ecosystem.