Circle Mints About 500 Million USDC on Solana in 24 Hours
The update says Circle issued roughly 500 million USDC on Solana (a high-speed blockchain), pointing to fresh stablecoin supply on the network within the past day.
Summary
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Terms & Concepts
USDC: A U.S. dollar-pegged stablecoin designed to maintain a 1:1 value with the dollar.
Solana: A blockchain network built for fast transactions and lower fees.
Minting: The creation of new tokens on a blockchain, increasing the circulating or available supply.