Tether and Circle Mint Nearly $3B in Fresh Stablecoins in 24 Hours
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The two largest stablecoin issuers — Tether (USDT) and Circle (USDC) — minted just under $3 billion in fresh tokens over the past 24 hours, sparking questions across the crypto industry.Data shows that transaction volumes for both USDT and USDC remain relatively stable, making the sudden surge in minting difficult to explain. Tether alone issued $5 billion in new tokens a week and a half ago, while Circle has been steadily increasing its output.
Analysts say this scale of minting injects massive liquidity into the Web3 ecosystem but leaves observers puzzled about the underlying motive.
Stablecoin surge: Tether and Circle minted nearly $3B in new tokens in just 24 hours. Traders are asking — is this fresh liquidity for crypto markets, or just issuers repositioning reserves?
USDT & USDC minting spree: Almost $3B printed overnight. Some see bullish inflows ahead, others warn about opacity and systemic risk without independent audits.