Circle Mints 500 Million USDC on Solana
According to the sources, Circle and USDC Treasury minted 500 million and 250 million USDC on Solana, adding fresh dollar-pegged stablecoin liquidity to a major crypto settlement network.
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Fact Check
Multiple independent sources confirm the mints. Odaily reports a 500M USDC mint by Circle on Solana (2026-05-27) and a separate 250M USDC mint by USDC Treasury on Solana (2026-05-28), the latter with a verifiable on-chain Whale Alert transaction hash reference. Cryptometer corroborates the 500M figure, and Binance Square corroborates the 250M figure. These mints are consistent with Circle/USDC Treasury's routine large stablecoin issuance pattern on Solana.
Summary
According to the sources, Circle minted 500 million USDC on Solana, while a separate report states that USDC Treasury minted 250 million USDC on Solana at 17:26 Beijing time. USDC is a U.S. dollar-pegged stablecoin designed to maintain a 1:1 value with the dollar, and minting increases the token supply available on a given blockchain. Together, the reports indicate fresh USDC issuance on Solana, expanding liquidity for transfers, trading, payments, and on-chain settlement, though no recipient wallets or end uses were disclosed.
Terms & Concepts
- USDC: A U.S. dollar-pegged stablecoin issued by Circle, designed to maintain a 1:1 value with the dollar.
- Solana: A blockchain network known for high throughput, fast transaction processing, and relatively low fees for digital asset transfers and applications.
- Minting: The creation of new tokens on a blockchain, increasing the circulating or available supply.