Incremental funding continues to flow into the crypto ecosystem, with Tether and Circle minting a total of $1.25 billion in stablecoins today.

BlockBeats News, August 28th, according to LookIntoChain's data, today Tether minted an additional 1 billion USDT, and Circle minted an additional 250 million USDC. In the past month, Tether and Circle have minted a total of $8.75 billion worth of stablecoins.

An increase in on-chain minted stablecoins typically reflects growing demand for stablecoins and increased user participation, often correlated with bullish sentiment in the crypto market, indicating more funds are flowing into the crypto ecosystem.