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Circle mints $3.5 billion USDC on Solana in 7 days

Circle mints $3.5 billion USDC on Solana in 7 days

Circle added another 1 billion USDC on Solana, bringing total issuance on the network to 3.5 billion over the past week and underscoring rising stablecoin liquidity on the chain.

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USDC

Summary

Circle minted another 1 billion USDC on the Solana blockchain, bringing its total issuance on the network over the past week to 3.5 billion USDC, or about $3.5 billion. The latest update, reported by BlockBeats on June 16 citing Lookonchain, adds to signs of stronger stablecoin activity on Solana. Fresh USDC minting is often watched as an indicator of rising demand for on-chain liquidity for trading, payments, or decentralized finance activity, though newly minted treasury supply does not necessarily enter active circulation immediately.

Terms & Concepts
  • stablecoin: A crypto token designed to track a stable asset, usually the U.S. dollar.
  • on-chain liquidity: Funds available on a blockchain for trading, transfers, or decentralized finance use.
  • decentralized finance: Blockchain-based financial services such as trading, lending, and payments that operate without traditional intermediaries.