Circle and Tether mint $3B in stablecoins in 2 days amid strong on-chain dollar demand

Circle and Tether, the leading stablecoin issuers, minted $3 billion in new tokens over two days, reflecting ongoing high demand for dollar liquidity on blockchain networks. Tether added $1 billion to its USDT supply, now around $183 billion, while Circle's USDC supply rose modestly by $100 million to about $71.9 billion due to heavy minting and redemption activity. This rapid minting highlights the critical role of stablecoins in supporting institutional trading, settlement, and treasury operations. Together, USDT and USDC circulation exceeds $250 billion, underscoring their dominance in digital dollar liquidity.