Tether and Circle Go On $2.8 Billion Token Minting Spree

Tether and Circle have been issuing stablecoins at a breakneck pace, minting just under $3 billion in fresh tokens in the last 24 hours. USDT and USDC transaction volumes are pretty stable, and it's unclear why they need this liquidity.

Source: beincrypto.com

Related symbols: USDTUSD