Whale Alert detected the roughly $250 million, about ¥40.7 billion, issuance around 6:30 p.m. on July 8, adding to Circle’s heavy 2024 USDC creation on Solana and highlighting continued stablecoin liquidity growth.
Circle minted 250 million USDC on Solana on July 8, an issuance worth roughly $250 million, or about ¥40.7 billion. PANews, citing Onchain Lens, said the mint lifted Circle’s year-to-date USDC issuance on Solana to about $66.76 billion in 2024, while Whale Alert separately detected the large new issuance around 6:30 p.m. New USDC minting can expand on-chain dollar liquidity for trading, payments, transfers, and other crypto-market activity, and is often watched as a sign of stablecoin demand and possible capital allocation.