BREAKING
100d 2h ago

USDC Surges as Circle Mints 1B USDC on Solana, USDC and USDT Stablecoins Add $2B in 11 Hours

SOL

SOL/USDT

$83.35
+0.68%
24h Volume

$1,629,887,570.10

24h H/L

$84.29 / $82.26

Change: $2.03 (2.47%)

Long/Short
77.5%
Long: 77.5%Short: 22.5%
Funding Rate

-0.0164%

Shorts pay

Data provided by COINOTAG DATALive data
Solana
Solana
Daily

$83.26

0.18%

Volume (24h): -

Resistance Levels
Resistance 3$98.5337
Resistance 2$87.5625
Resistance 1$83.2622
Price$83.26
Support 1$83.165
Support 2$78.3404
Support 3$67.50
Pivot (PP):$83.2667
Trend:Downtrend
RSI (14):41.8

COINOTAG News reported in a December 31 update, citing OnchainLens data that Circle minted about 1 billion USDC on the Solana network. The milestone highlights persistent stablecoin issuance activity and reinforces Solana’s role in on-chain liquidity provision.

Over the preceding 11 hours, Circle and Tether together issued roughly $2 billion in new stablecoins, comprising USDC and USDT. Analysts will watch how this inflow affects on-chain funding costs, liquidity depth, and cross-chain settlement velocity.

This sustained minting cadence signals continuing demand for on-chain liquidity across crypto markets. Market participants should monitor reserve coverage, regulatory updates, and potential downstream effects on DeFi protocols, pricing dynamics, and collateral sufficiency across liquidity pools.

Share News:
Don't Miss Breaking News