On-chain monitoring shows that Tether and Circle have jointly issued up to $1.25 billion in stablecoins today, with Tether contributing $1 billion USDT and Circle contributing $250 million USDC.

"Money printer go brrr" is no longer sufficient to describe this; it's more like a nuclear-powered money printing machine. Injecting $1.25 billion directly into the market in one day sends a signal that is stronger than ever. The market is not lacking in money, but rather in confidence and reasons to enter. Now, those reasons seem to be becoming more compelling.

These newly minted stablecoins are like bullets ready to be chambered; they won't be sitting idle in wallets. Coupled with the recent institutional frenzy for ETH, this money is most likely targeting mainstream blue-chip crypto assets. This round of market activity led by institutions may have appetites and energy far beyond what everyone imagines.