According to @lookonchain, over the past 12 hours Tether minted 1,000,000,000 USDT and Circle minted 1,000,000,000 USDC, totaling $2,000,000,000 in new stablecoins (Source: https://twitter.com/lookonchain/status/2006172765775138985). The USDT issuance is recorded on Tron at transaction d74cb39a7c3e16fc74b8107ed906defd2e82afbb93773da976c861f692998bfa, showing a 1,000,000,000 USDT mint event (Source: https://tronscan.org/#/transaction/d74cb39a7c3e16fc74b8107ed906defd2e82afbb93773da976c861f692998bfa). The USDC issuance is visible on Solana via account 7VHUFJHWu2CuExkJcJrzhQPJ2oygupTWkL2A2For4BmE under SPL mint activity, showing a 1,000,000,000 USDC mint event within the same window (Source: https://solscan.io/account/7VHUFJHWu2CuExkJcJrzhQPJ2oygupTWkL2A2For4BmE?activity_type=ACTIVITY_SPL_MINT&exclude_amount_zero=false&remove_spam=false#transfers).