More than $1. 75 billion in new USDT and USDC entered circulation after President Donald Trump’s tariff announcement on China triggered the recent market crash. On October 11, blockchain analytics firm Lookonchain reported that Tether, the world’s largest stablecoin issuer, minted roughly $1 billion worth of USDT on Ethereum. New Stablecoin Mints Suggest Investors Buying the Crypto Dip Crypto analyst JA Maartun, citing CryptoQuant data, noted that Tether minted $775
source: https://beincrypto.com/tether-and-circle-mint-billions-stablecoins-after-market-crash/