Circle Mints 5B USDC as Stablecoins Reach $17.75B After 1011 Market Crash

COINOTAG News, citing LookIntoChain’s trackers, reports that Circle has minted 5 billion USDC, signaling continued issuance to bolster on-chain liquidity. The development highlights Circle’s ongoing role in the stablecoin ecosystem and underscores USDC as a cornerstone of crypto-market infrastructure.

On a consolidated basis with Tether, the two issuers have expanded the stablecoins supply to about $17.75 billion in the wake of the 1011 market crash.

Analysts cautioned that sustained issuance should be evaluated alongside reserve transparency and regulatory developments, as rising stablecoin supply can shift liquidity and risk profiles across markets.