Tether and Circle minted a total of $1.25 billion in stablecoins today, with more funds flowing into the crypto ecosystem.
ChainCatcher reported, according to Lookonchain statistics, Tether minted an additional 1 billion USDT today, and Circle minted an additional 250 million USDC today. Over the past month, Tether and Circle have collectively minted stablecoins worth 8.75 billions USD.
An increase in the amount of stablecoins minted on-chain usually reflects growing market demand for stablecoins and higher user participation, which is often associated with bullish sentiment in the crypto market, as more capital flows into the crypto ecosystem.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
The three major US stock indexes closed lower, Meta rose by 2.63%
WTI crude oil price surpasses $95 per barrel, up 1.35% intraday
Nvidia's Jensen Huang European tour: $2 billions investment to be announced in the coming week, promoting an open-source model to help Europe "join the game"
NVIDIA CEO Jensen Huang is conducting a high-density visit to Europe, announcing an investment plan of over $2 billions to be unveiled within a week. Combined with the $8 billions already invested over the past year, NVIDIA continues to deepen its strategic presence in Europe. Huang advocates for an open-source AI approach to help Europe close the technology gap, and has provided funding to four French startups in the fields of healthcare, business software, chemical materials, and robotics.
Crypto prices
More
