According to Lookonchain, Tether minted another $1B USDT roughly four hours ago, with the mint visible on-chain at the referenced Etherscan address: https://etherscan.io/address/0xc6cde7c39eb2f0f0095f41570af89efc2c1ea828 (source: https://twitter.com/lookonchain/status/1977911861661298732). Lookonchain also reports that Tether and Circle collectively minted $3B in stablecoins following the recent market crash (source: https://twitter.com/lookonchain/status/1977911861661298732). For trading context, Glassnode notes that stablecoin supply is tracked via the Stablecoin Supply Ratio as a proxy for potential buying power, which traders monitor when assessing liquidity conditions (source: https://academy.glassnode.com/indicators/stablecoin-supply-ratio-ssr).

According to @Circle, the company has minted another $250 million worth of USDC, further boosting the total supply of this major stablecoin (source: Circle Twitter, 2024-06-20). This substantial increase in USDC liquidity is considered a strong bullish signal for the cryptocurrency market, as it often precedes or accompanies large-scale trading activity and potential inflows into major crypto assets. Traders should closely watch for heightened volatility and price movements in Bitcoin, Ethereum, and leading altcoins, as increased stablecoin minting typically correlates with upcoming market rallies or institutional participation.