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Over $2 Billion in USDT and USDC Minted Within 24 Hours

More than $1 billion USDC was issued following a market dip, contributing to over $2 billion stablecoin mints in a single day.

USDT
USDC

Summary

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Terms & Concepts
  • USDC: USD Coin, a U.S. dollar-backed stablecoin designed to maintain a 1:1 value with the U.S. dollar.
  • USDT: Tether, a widely used stablecoin pegged to the U.S. dollar, facilitating liquidity in cryptocurrency markets.
  • Stablecoin Minting: The process of issuing new stablecoins into circulation, typically backed by reserves to maintain value stability.