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Solana posts $2.55 billion in stablecoin issuance as USDC activity leads for seventh week

Solana posts $2.55 billion in stablecoin issuance as USDC activity leads for seventh week

Circle accounted for $2.25 billion of last week’s issuance, while Solana processed 22.7 million USDC transactions and stablecoin payment volumes in salary and retail transfers stayed near record highs.

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USDC

Fact Check
The SolanaFloor X post directly confirms the $2.55 billion weekly stablecoin issuance on Solana led by Circle with $2.25 billion, matching the claim exactly. The separate 250 million USDC mint at 08:24 Beijing time is independently confirmed by two news outlets (PANews and BlockBeats), both citing the same Whale Alert on-chain transaction. All quantitative and temporal details in the claim align with the cited sources.
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Summary

Solana recorded $2.55 billion in stablecoin issuance last week, with Circle responsible for $2.25 billion of the total. A later update said USDC Treasury minted another 250 million USDC on Solana at 08:24 Beijing time, according to Whale Alert. Separately, Solana led USDC activity for a seventh straight week with 22.7 million transactions, while salary-related stablecoin transfers exceeded $1.6 billion and retail peer-to-peer transfers reached $803 million, both near record highs.

Terms & Concepts
  • stablecoin issuance: Creation of new fiat-pegged digital tokens on a blockchain.
  • USDC: A dollar-pegged stablecoin issued by Circle.
  • P2P: Peer-to-peer transfers made directly between users without intermediaries.