The cryptocurrency market has recently witnessed a significant move from the two largest issuers of dollar-pegged stablecoins, Tether and Circle, as they announced a massive increase in their issuances during a single session, raising speculation that new liquidity is about to surge into the markets.
The blockchain transaction tracking platform Lookonchain revealed that Tether added one billion new units of USDT, while Circle issued an additional 500 million USDC, a signal generally seen as a sign of readiness for capital to enter trading.