USDC Minting on Solana Surges to 7.25B Since October Crash; Circle Mints 1B in 24 Hours
SOL/USDT
$5,224,756,324.54
$97.68 / $91.27
Change: $6.41 (7.02%)
+0.0007%
Longs pay
COINOTAG News, citing OnchainLens, reports that Circle issued 1 billion USDC on the Solana network in the past 24 hours, underscoring robust liquidity provisioning for the stablecoin on-chain. The move highlights sustained demand for Solana-based stablecoins and demonstrates Circle’s capacity to scale issuance through Solana’s throughput.
Since the October 11 event, Circle has minted a cumulative 7.25 billion USDC on Solana, indicating persistent stablecoin issuance and a scalable plumbing for DeFi and custody rails anchored to USDC.
Market participants should monitor this issuance trajectory as it could influence Solana liquidity dynamics and borrowing activity across Solana-based protocols. The development warrants attention to risk controls and regulatory context around stablecoins.