USDC Minting on Solana Surges to 7.25B Since October Crash; Circle Mints 1B in 24 Hours
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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.