Circle mints about $750 million in USDC on Solana in 24 hours

  • Circle minted additional USDC on Solana.
  • About $750 million in USDC was minted during the 24 hours before October 2.
  • Circle disclosed the issuance in an update posted on social media.

Circle minted approximately $750 million of USDC on Solana during the 24 hours before October 2, according to an update posted by the company’s account. USDC is a stablecoin designed to maintain a value of about $1, and the issuance significantly increased its supply on the network.

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