According to the provided data and Whale Alert, Circle minted large amounts of USDC on Solana in April, including about 250 million over 10 hours, highlighting sustained stablecoin supply growth on the network.
According to the provided data, Circle minted $9.25 billion in USDC on Solana during April, indicating substantial stablecoin issuance activity on the network. Whale Alert also reported that about 250 million USDC was minted by Circle’s USDC Treasury on Solana over a 10-hour period, consistent with the broader monthly increase. The sources do not provide a detailed transaction breakdown, destination wallets, or official purpose for the issuance, but the added supply may support liquidity, settlements, payments, treasury management, transfers, or decentralized finance activity on Solana.