According to TechFlame, according to Lookonchain statistics, Tether minted an additional 1 billion USDT today, and Circle added 250 million USDC today. Over the past month, Tether and Circle have minted a total of $8.75 billion worth of new stablecoins. The increase in the number of newly minted stablecoins on the chain usually reflects an increase in market demand for stablecoins and increased user participation. It is often related to bullish sentiment in the crypto market, and more capital is flowing into the crypto ecosystem.