Are all the new Us being issued to buy the bottom in the cryptocurrency circle? Why can't it be pulled up?

The supply of USDT and USDC has increased by nearly $3 billion in the past week

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 the bottom of cryptocurrencies after the plunge on Monday.

According to Lookonchain monitoring, since Monday, Tether has transferred $1.3 billion worth of USDT to exchanges and market makers, 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.

Anagram's research partner David Shuttleworth pointed out that USDC has inflows of $1.36 billion on the Ethereum network, while USDC has inflows of $356 million on Solana. (CoinDesk) $SOL