Lead · Data Analysis
Billions in stablecoins get minted in a week, yet the short-term correlation with Bitcoin's price often stays below 0.3 — mint volume alone can't answer "what is this money preparing to do"; only cross-checking derivatives data reveals the real picture.
Nadia Kovac
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September 03, 2026
Whenever Circle or Tether mints billions of dollars' worth of stablecoins in a single week, the crypto community almost immediately jumps to "buying pressure is coming, we're about to pump" — in late August 2026, Circle minting roughly $5 billion in USDC over one week sparked exactly this kind of discussion. The reasoning sounds plausible on the surface: minting a stablecoin requires real...