Circle Mints 500M USDC on Nov. 28 as Tether and Circle Issue $17.75B in Stablecoins Post-Market Decline

Circle minted 500 million USDC on November 28, Lookonchain data show. Following the market downturn, Tether and Circle have collectively issued $17.75 billion worth of stablecoins. The new minting activity represents continued expansion of stablecoin supply in the crypto market.