Tether and Circle Amplify Stablecoin Supply Amid Market Volatility

Stablecoin issuance has surged in recent weeks, according to reports from Onchain Lens and PANews. Tether minted $1 billion worth of USDT on the Ethereum blockchain following a significant market downturn, bringing the total value created to $4 billion. Simultaneously, Circle issued $2 billion worth of USDC on the Solana network, further expanding stablecoin supply during this period of market uncertainty.