BlockBeats news, on August 28, according to Lookonchain statistics, Tether minted 1 billion USDT today, and Circle minted 250 million USDC today, with a total of $1.25 billion in stablecoins minted.

What is this news and what does it mean?

This news is a very significant indicator for the cryptocurrency market. To understand it, we need to know a few things:

* What are Stablecoins?

* Stablecoins are cryptocurrencies whose value remains stable, typically pegged to the US dollar. This means that the value of 1 USDT or 1 USDC is approximately equal to $1.

* They are primarily used by traders and investors to secure their money in the volatile crypto market. When the market experiences high volatility, people convert their Bitcoin or Ethereum into stablecoins to keep the value of their money stable.

* What is "Minting" Stablecoins?

* When a company, such as Tether or Circle, creates new stablecoins, this process is called "minting."

* These companies hold one dollar in their bank accounts for every new stablecoin they create. This means that to create $1.25 billion in new stablecoins, they must hold $1.25 billion in their reserves.

* What is the Significance of This News?

* Inflow of new capital into the market: $1.25 billion is a very large amount. When such a large quantity of new stablecoins is minted, it directly implies that investors or institutions need $1.25 billion in new capital to inject into the crypto market.

* Increase in demand: This indicates that there is a very high demand for stablecoins in the market. Investors will use these stablecoins to buy Bitcoin, Ethereum, or other cryptocurrencies.

* Bullish signal: Generally, the large-scale minting of stablecoins is considered a "bullish" signal for the market. It suggests that traders and institutions are planning to buy in the near future, which could lead to an increase in prices.

In summary, this news indicates that new capital is continuously flowing into the cryptocurrency ecosystem, and people are ready to invest in the market..