Derived from BitcoinWorld, stablecoin issuance has surged by $14 billion since October 11, according to on-chain analytics firm Lookonchain. Tether and Circle have led the increase, with USDT and USDC seeing significant minting activity. This capital inflow is seen as a sign of growing confidence in the crypto market and may indicate renewed bullish momentum. The rise in stablecoin supply is also linked to increased trading volume, buying pressure for other cryptocurrencies, and improved market depth.
Stablecoin Issuance Surges $14B Since October 11, Boosting Crypto Market Liquidity
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