Circle Minted About $2 Billion of USDC on Solana Last Week
The reported issuance points to rising stablecoin activity on Solana, a blockchain network often used for fast, low-cost transfers and trading.
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Fact Check
The original claim traces to SolanaFloor's on-chain data posts on May 19 and May 25, 2026, both stating Circle minted ~2 billion USDC on Solana the prior week. Coin Edition independently reported the same figure on May 19. Odaily's May 26 report of a 250M mint within 6 hours is consistent with this weekly pace. While the primary source is a third-party data tracker rather than Circle directly, USDC mints on Solana are publicly verifiable on-chain, and the figure aligns with reported issuance trends throughout 2026.
Summary
Circle minted approximately $2 billion of USDC on Solana last week, according to the provided data update. USDC is a dollar-pegged stablecoin designed to maintain a 1:1 value with the U.S. dollar, and new minting typically reflects fresh supply entering circulation for payments, trading, or onchain liquidity needs. Solana is a blockchain network known for high throughput and relatively low transaction costs, making it a common venue for stablecoin transfers and decentralized finance activity.
Terms & Concepts
- USDC: A U.S. dollar-pegged stablecoin issued by Circle, designed to maintain a 1:1 value with the dollar.
- Stablecoin: A cryptocurrency designed to track the value of a reference asset, most commonly a fiat currency such as the U.S. dollar.
- Solana: A blockchain network built for high-speed, low-cost transactions and widely used for payments, trading, and onchain applications.