USDC Surges as Circle Mints 1B USDC on Solana, USDC and USDT Stablecoins Add $2B in 11 Hours
SOL/USDT
$3,875,175,794.90
$89.20 / $86.02
Change: $3.18 (3.70%)
-0.0160%
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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.