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Circle mints about $750 million USDC on Solana - 2026 total reaches $68.26 billion

Circle mints about $750 million USDC on Solana - 2026 total reaches $68.26 billion

Current USDC supply on Solana stands near $7.3 billion even as cumulative 2026 issuance on the network reaches about $68.26 billion, highlighting the scale of redemptions and cross-chain liquidity flows.

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Fact Check
The originating source cited by the claim — the Onchain Lens X post (@OnchainLens, July 13, 2026) — states verbatim that Circle minted another ~$750M USDC on Solana and has minted ~$68.26B USDC on Solana in 2026. The odaily newsflash (500290) reproduces both figures and attributes them to the same Onchain Lens post. Both of the claim's headline numbers ($750M and $68.26B) match the primary source exactly. Other input links (cryptobriefing's $250M mint, PANews/SolanaFloor's ~$500M/24h) describe different tranches or tracking windows and do not contradict the specific Onchain Lens figures. The main caveat is that these are approximate on-chain tracking estimates by a third-party analytics account rather than an official Circle statement, but the specific claim faithfully reproduces its stated source.
Summary

Circle minted about $750 million of USDC on Solana on July 13, according to Onchain Lens, bringing its cumulative USDC issuance on the network in 2026 to about $68.26 billion. The latest mint was sent to Solana address 7VHUFJHWu2CuExkJcJrzhQPJ2oygupTWkL2A2For4BmE. The new issuance adds to a broader pattern of heavy USDC activity on Solana, including a reported $3.25 billion minted in a single week in April through thirteen separate tranches of 250 million tokens. But the cumulative issuance figure does not equal current circulating supply. DefiLlama data cited in the report showed roughly $7.3 billion of USDC currently on Solana versus about $73.5 billion across all blockchains. That gap suggests Solana is being used as an active settlement venue where dollar liquidity is repeatedly minted, transferred, redeemed or bridged rather than simply stored. Circle has said issuance should be viewed alongside redemptions, while its transparency reports track issuance, redemption and circulating supply separately. The report also tied continued USDC activity on Solana to trading demand and to Circle’s wider push into institutional finance, including work with BNY and Standard Chartered.

Terms & Concepts
  • redemptions: The process of returning stablecoins to the issuer in exchange for the underlying fiat currency.
  • circulating supply: The amount of a token currently available on a blockchain or in the market, distinct from total tokens ever minted.
  • settlement: The completion of a transaction, such as transferring funds or assets between parties.