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      Circle and Tether Mint $3 Billion in Stablecoins in 48 Hours

      Circle and Tether have minted a total of $3 billion in stablecoins over a two-day period, reflecting a strong demand for dollar liquidity on blockchain networks. Tether contributed $1 billion in USDT on August 10, increasing its circulating supply to approximately $183 billion. Meanwhile, Circle's USDC issuer created around $5.4 billion in new tokens during the week ending August 13, while redeeming about $5.3 billion, resulting in a net increase of $100 million and a total USDC supply of approximately $71.9 billion.

      Circle's operations have been characterized by a high volume of minting and redemption, with an average daily activity of about $1.9 billion in Q2 2026, marking a 105% increase from the previous year. The company's total transaction volume for that quarter reached $14.8 trillion, indicating robust engagement from institutional clients needing on-chain dollars for various financial operations.

      Tether and Circle represent two distinct strategies in the stablecoin market. USDC is marketed as a compliance-focused option, with Circle emphasizing regulatory engagement and transparency across 36 different blockchains. In contrast, Tether, with a circulating supply significantly larger than USDC, operates on multiple chains, including Tron and Ethereum, leveraging lower transaction fees on Tron for a substantial share of its transfers. The combined circulating supply of USDT and USDC now exceeds $250 billion.

      © 2026 KLEA News. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

      Source: KLEA News

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