Tether and Circle mint combined $750 million in stablecoins on Solana

  • Tether and Circle issued $750 million in combined USDT and USDC on Solana on September 19.
  • Solana held $3.84 billion in USDT and approximately $7.7 billion in USDC across 3.04 million and 9.08 million wallets, respectively.
  • Stablecoin transfer volume on Solana had reached a reported $20 billion annualized rate, while daily active addresses rose to 888,000 earlier in September.

Tether minted $500 million in USDT on Solana in under 60 minutes on September 19, while Circle issued $250 million in USDC on the same network. The combined $750 million issuance coincided with more than $11.5 billion in USDT and USDC supply on Solana, rising transfer activity and growing demand for on-chain stablecoin liquidity. Whale Alert monitoring cited by PANews recorded Circle’s latest 250 million USDC issuance at 19:13 Beijing time on September 19, with the transaction record listing a value of $249,993,875. Solana Compass data showed $3.84 billion in USDT across 3.04 million wallets and approximately $7.7 billion in USDC across 9.08 million wallets. Stablecoin transfer volume had reached a reported $20 billion annualized rate, while daily active stablecoin addresses rose to 888,000 earlier in September, up 269% year over year.

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