On-chain data shows Circle minted 500 million USDC on Solana on April 24 in two separate 250 million batches. A separate update states Solana recorded $600 million in stablecoin issuance over the past 24 hours, with Tether accounting for $350 million of that total. Taken together, the reports indicate substantial fresh stablecoin supply on Solana, though the figures do not align exactly and may reflect different measurements or reporting windows. Stablecoin issuance is commonly tracked as an indicator of on-chain liquidity for trading, payments, settlement, and decentralized finance activity.