USDC Minting Boom on Solana: Circle Mints $7.5B in One Hour, Tether and Circle Reach $8.5B in Stablecoins
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COINOTAG News, on October 27, cited by LookIntoChain, shows Circle issuing an additional 7.5 billion USDC on the Solana network within the past hour. The move highlights rising liquidity deployment in the stablecoins market amid evolving market conditions.
In the wake of the October 11 downturn, Tether and Circle have collectively minted about 8.5 billion USD in stablecoins, signaling a targeted liquidity strategy to weather volatility.
The issuance activity underscores ongoing stablecoin liquidity dynamics on Solana and may influence trading activity and risk assessments across the crypto sector. Investors should monitor future issuance trends and related regulatory considerations.