According to on-chain data platform Lookonchain, the supply of the two main stablecoins, Tether (USDT) and Circle (USDC), experienced a notable increase over the last week, totaling nearly $3 billion. This phenomenon unfolded after a significant market fluctuation on Monday, demonstrating investors' active buying approach during the crypto market's low point. In particular, Tether moved around $1.3 billion worth of USDT to exchanges and market makers since Monday, driving its market capitalization up to over $115 billion, establishing a new historical record. Meanwhile, the second-largest stablecoin, USDC, saw its market value grow by approximately $1.6 billion this week, reaching a cumulative total of $34.5 billion – its highest level since March 2023. These figures collectively highlight the recent dynamics within the crypto market, especially the lively performance in the stablecoin sector.