Circle mints another 250 million USDC on Solana, reaching 500 million in about 30 minutes

Whale Alert said the latest issuance was detected at 16:53 Beijing time, lifting Circle’s cumulative USDC minting on Solana to 500 million within roughly half an hour.

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Summary

Circle minted another 250 million USDC on Solana, bringing its total USDC issuance on the network to 500 million in about 30 minutes. The latest mint was detected at 16:53 Beijing time by Whale Alert, a blockchain tracking service. USDC minting typically reflects treasury operations and inventory provisioning for future circulation rather than an immediate measure of market inflows.

Terms & Concepts
  • USDC: A dollar-pegged stablecoin issued by Circle.
  • Solana: A blockchain network used for crypto payments and applications.
  • minting: Creating new tokens on a blockchain.