Circle Mints About $9.25 Billion in USDC on Solana in May

The monthly total marks the highest USDC issuance on Solana recorded so far in 2026, according to the provided data.

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Summary

Circle issued about $9.25 billion in USDC on Solana in May, making it the network’s largest monthly USDC mint volume recorded so far in 2026 based on the provided data. USDC is a U.S. dollar-pegged stablecoin, and minting refers to the creation of new tokens on a blockchain network such as Solana. The figure points to strong stablecoin activity on Solana during the month.

Terms & Concepts
  • USDC: A U.S. dollar-pegged stablecoin issued by Circle, designed to maintain a value of about one dollar per token.
  • Minting: The creation of new tokens on a blockchain, increasing the circulating supply of a digital asset.
  • Solana: A blockchain network built to support high-speed transactions and crypto applications.