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Circle Mints About 500 Million USDC on Solana

A social media post says Circle created roughly 500 million USDC on Solana (a high-speed blockchain) within the past 30 minutes.

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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 known for high throughput and relatively low transaction costs.
  • Minting: The creation of new digital tokens on a blockchain according to a protocol or issuer process.