According to CoinRepublic, Tether and Circle have collectively issued $17.75 billion in stablecoins since the October 11 market crash. On November 28, Circle added $500 million in USDC on Solana, bringing the combined total to $17.75 billion. The surge in stablecoin issuance reflects increased demand for liquidity during market volatility. Analysts suggest the mints may be used for hedging or 'buying the dip.' Post-crash, Tether and Circle rapidly expanded their stablecoin supply, with Tether issuing $1 billion in USDT and Circle $750 million in USDC on October 11 alone. The influx of liquidity is seen as a potential catalyst for market recovery, though macroeconomic risks remain.
Tether and Circle Mint $17.75 Billion in Stablecoins After October Market Crash
The Coin RepublicShare
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