Since the Flash Crash on October 11, Tether and Circle have minted a combined total of $6 billion in stablecoins. This significant increase in stablecoin supply follows the market turbulence experienced during the crash. The actions taken by these companies highlight their response to the changing dynamics in the cryptocurrency market. As demand for stablecoins continues, Tether and Circle are expanding their offerings to meet this need. The minting of additional stablecoins may influence market liquidity and investor confidence in the sector.
