Tether and Circle added $8.75 billion in stablecoins in the past month

According to ChainCatcher, Lookonchain statistics show that Tether added 1 billion USDTs today, and Circle added 250 million USDCs today. Over the past month, Tether and Circle have minted a total of $8.75 billion worth of stablecoins. The increase in the number of newly minted stablecoins on the chain usually reflects the growing market demand for stablecoins and the increased user engagement, which is often related to bullish sentiment in the crypto market, and more funds are flowing into the crypto ecosystem.