Incremental funds continue to flow into the encryption ecosystem, with Tether and Circle minting a total of 1.25 billion stablecoins today.

On August 28, according to Lookonchain statistics, Tether minted an additional 1 billion USDT today, and Circle minted an additional 250 million USDC today. In the past month, Tether and Circle have collectively minted stablecoins worth 8.75 billion USD. The increase in the number of stablecoins minted on-chain typically reflects a rise in market demand for stablecoins and an increase in user participation, often associated with bullish sentiment in the crypto market, with more funds flowing into the crypto ecosystem.

View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin