Which stablecoin minted most this week?

TLDR

PayPal USD (PYUSD) minted the most this week, adding roughly $600 million to supply (about 22% growth) and leading weekly stablecoin issuance by net increase per a market recap. See the report.

1. PYUSDs 7?day supply jump of about $600 million led stablecoin growth this week per the report.
2. Circle minted a single $750 million tranche of USDC during the week, but net weekly leader by growth was PYUSD per the coverage.
3. Broader context shows over $14 billion stablecoins minted since October, driven by USDT and USDC, per the update.

Deep Dive

1. PYUSD Led Weekly Mints

PYUSD (PYUSD) saw the largest net supply growth this week, up about $600 million in seven days, roughly 22% of its float.

1. The increase was concentrated on Ethereum, with PYUSD leading 7?day stablecoin growth by net issuance per a market recap from The Defiants write?up of the periods flows. See the report.
2. The move lifts PYUSDs rank within DeFi stablecoins and underscores the pace of its recent expansion on major venues, per the same report.

2. USDC Had Large Single Mints

USDC (USDC) also printed size this week, including a single $750 million tranche, though that did not make it the net weekly leader.

1. Circle minted another $750 million USDC in hours as part of ongoing inflows, a significant batch during the week, per the coverage.
2. Large single mints can differ from net weekly leadership, which reflects cumulative issuance minus burns over the 7?day window. The weekly leader by growth was PYUSD per the report.

3. Broader Stablecoin Inflows

The surge is part of a wider wave of stablecoin creation across majors.

1. Since the October selloff, USDT and USDC have collectively added over $14 billion in supply, indicating capital building on the sidelines, per the update.
2. Weekly leadership can rotate even as the broader trend shows persistent net issuance across top stablecoins, supporting liquidity conditions in crypto markets, per the same update.

Conclusion

PYUSD led weekly minting by net supply added, while USDC had one of the largest single tranches during the week. The bigger picture remains strong stablecoin issuance across majors, which can translate into fresh buying power if market conditions stabilize.