On July 18, Tether Treasury transferred 60 million USDT, valued at approximately 60.04 million USD, to Bitfinex. The following day, Circle minted 180 million USDC, worth about 180.04 million USD, at an undisclosed wallet. This minting was part of a broader trend, as Circle also transferred 50 million USDC to Coinbase in two separate transactions, valued at 50.01 million USD and 50.03 million USD, respectively. On July 19, Circle further minted 250 million USDC, valued at around 250.01 million USD, at the USDC Treasury on the Solana blockchain. This significant minting activity indicates a growing demand for stablecoins in the market.