Circle Issues 250 Million New USDC on Solana Chain: On-Chain Data Update

On July 3rd, Circle expanded its stablecoin supply by issuing an additional 250 million USDC on the Solana blockchain. This strategic move, confirmed by recent on-chain data, underscores Circle’s commitment to enhancing liquidity and scalability within the decentralized finance ecosystem. The issuance on Solana, known for its high throughput and low transaction costs, reflects a growing trend among stablecoin issuers to leverage efficient blockchain networks. Market participants should monitor this development as it may influence liquidity dynamics and trading volumes across Solana-based decentralized exchanges.