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 the source, the global stablecoin supply is reported at an all-time high of $280 billion, a potential liquidity inflection for crypto markets, source: the source. Rising stablecoin float reduces the Stablecoin Supply Ratio (SSR), a metric Glassnode links with greater crypto buying power and historically stronger BTC trend strength when SSR declines, source: Glassnode. Inflows of USDT and USDC to exchanges often lead spot demand and higher trading volumes for BTC and ETH, making exchange stablecoin reserves a key timing gauge, source: CryptoQuant. USDT-margined perpetuals now represent the majority of crypto derivatives open interest, so additional stablecoin issuance can tighten spreads and support basis and funding dynamics, source: Kaiko. Traders should cross-verify the reported total and track token-level issuance using public dashboards before repositioning, and monitor SSR and exchange stablecoin reserves for confirmation, source: DeFiLlama.