Since the market correction on October 10, stablecoin issuer Circle and Tether have minted a combined $16 billion in USDC and USDT. This surge reflects growing demand for these digital dollar-pegged assets as safe havens during market volatility. Notably, Circle issued $500 million worth of USDC within a single day, highlighting confidence in the stability of stablecoins among traders, institutions, and exchanges. Such aggressive minting often precedes increased market activity as stablecoins are commonly utilized for trading and liquidity provision. Multiple factors likely contribute to this surge, including hopes for a market rebound or altcoin rotation, institutional investment planning, and increased on-chain activity that demands more stablecoins for smooth operations. The increase in stablecoin issuance underscores the critical role these assets play in shaping the evolving crypto landscape.