The April issuance highlights continued stablecoin activity on Solana, a blockchain network widely used for fast and low-cost digital asset transfers.
Circle issued $9.25 billion worth of USDC on Solana in April, according to the provided data. USDC is a U.S. dollar-pegged stablecoin, and new minting reflects additional token supply created on a blockchain network. The figure points to notable stablecoin issuance activity on Solana during the month.