Since the beginning of September, Circle has already "printed" almost 980 million USDC. True, they burned 628 million#USDCduring the same time.
But still, +352 million USDC for the market is there. This does not seem as much as#Tether- they "print" 1 billion#USDTat a time. But the issuers of these stablecoins have different approaches to minting their assets. Tether prints them "for growth" and then releases them to the market in parts.#Circlecan "print" and burn its asset dozens of times in a month.
Be that as it may, in the meantime, Tether "printed" +1 billion#USDTin September. And Circle has a net +352 million USDC in the market. Plus, it should be taken into account that the additional liquidity for the stablecoin from Circle is largely American liquidity. And this is in a month that is traditionally considered weak for the crypto market.
