Circle Mints 5 Billion USDC on Solana in Just One Minute

According to Whale Alert monitoring, Circle expanded its stablecoin issuance on the Solana network by minting an additional 2.5 billion USDC at 23:25 Beijing time. The tally shows 2.5 billion minted in a minute, bringing the on-chain USDC supply on Solana to 5 billion within under 60 seconds, highlighting the scale of liquidity provisioning on the chain.

Such on-chain minting activity underscores Circle’s role in supporting stablecoin liquidity for Solana-based DeFi applications and cross-chain settlements. Market participants watch these spikes as a gauge of demand for fast settlement and capital efficiency on Layer-1 ecosystems.