According to @lookonchain, Circle minted another 500M USDC, and combined Tether and Circle have minted $17.75B in stablecoins since the 1011 market crash. Source: x.com/lookonchain/status/1994413969529012290; x.com/lookonchain/status/1994021531597590999 For trading, rising USDC and USDT float is commonly tracked as a liquidity proxy that can affect execution depth and settlement capacity in BTC and ETH markets. Source: Binance Research Stablecoins report