Recently, the increase in stablecoin issuance has attracted widespread attention from the market. In September 2024, Circle issued an additional 50 million USDC on the Ethereum network, marking the second issuance since September. In the same month, Tether also minted an additional 1 billion USDT on Ethereum.

Furthermore, PayPal's PYUSD stablecoin is actively expanding its market, having reached a partnership with the lending protocol Kamino within the Solana ecosystem.

According to DeFiLlama, the overall market capitalization of stablecoins grew from 130 billion USD to 172 billion USD in 2024, representing a year-on-year increase of 32%.

These issuance activities reflect the growing demand for stablecoins in the market, which may indicate more capital inflow into the crypto market, bringing positive signals to the market. However, the market's focus on liquidity and new funds continues, and further observation is needed to assess the actual impact of stablecoin issuance on the market.