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In a 12-hour window, major stablecoin issuers ramped up production significantly. Tether pumped out 1 billion USDT while Circle simultaneously minted 1 billion USDC—a combined 2 billion dollars hitting the market. This kind of coordinated minting activity typically signals either increased demand for on-chain liquidity or preparation ahead of volatile market moves. Worth tracking whether this represents genuine ecosystem demand or just precautionary moves by the issuers.