Another $1 billion USDC mint on Solana adds to the network’s heavy stablecoin throughput, though the reported $64.25 billion figure reflects gross issuance rather than live circulating supply.
Circle reportedly minted another $1 billion in USDC on Solana around July 1, following a separate $1 billion issuance on the network in mid-June and bringing reported gross 2026 issuance to $64.25 billion. The increase reinforces Solana’s role as a major venue for stablecoin-based trading, payments, leverage and decentralized finance activity, where USDC is widely used as collateral and a settlement asset. The headline figure refers to cumulative issuance rather than the amount currently circulating on Solana, since tokens can later be burned, redeemed, bridged or moved as demand shifts.