Circle Mints Another 250 Million USDC on Solana, Lookonchain Says
According to Lookonchain (blockchain analytics platform), Circle has minted a total of 10.5 billion USDC on Solana over the past month, with the latest update reported on April 10.
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Terms & Concepts
USDC: A U.S. dollar-pegged stablecoin designed to maintain a 1:1 value with the dollar.
Stablecoin: A cryptocurrency whose value is tied to a reference asset, often a fiat currency such as the U.S. dollar.
Solana: A blockchain network known for fast transaction processing and relatively low fees.