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

ChainCatcher news, according to CoinDesk, the supply of the two major stablecoins Tether (USDT) and Circle (USDC) has increased by nearly $3 billion in a week, indicating that investors are rushing to buy the dip in cryptocurrencies after the crash on Monday.

According to Lookonchain monitoring, since Monday, Tether has transferred $1.3 billion worth of USDT to exchanges and market makers, with the market cap of USDT exceeding $115 billion, reaching a new high; the market cap of the second-largest stablecoin USDC has also increased by about $1.6 billion this week, reaching $34.5 billion, the highest level since March 2023.

David Shuttleworth, research partner at Anagram, pointed out that USDC inflows on the Ethereum network reached $1.36 billion, while USDC on Solana saw inflows of $356 million.