Odaily Planet Daily News The supply of the two major stablecoins Tether (USDT) and Circle (USDC) has increased by nearly $3 billion in a week, indicating that investors have been buying cryptocurrencies at the bottom after Monday's plunge. According to Lookonchain monitoring, Tether has transferred $1.3 billion worth of USDT to exchanges and market makers since Monday, and the market value of USDT has exceeded $115 billion, setting a new high; the market value of the second largest stablecoin USDC has also increased by about $1.6 billion this week to $34.5 billion, the highest level since March 2023. David Shuttleworth, research partner at Anagram, pointed out that USDC has inflows of $1.36 billion on the Ethereum network, while USDC has inflows of $356 million on Solana. (CoinDesk)