Circle Mints $4.75 Billion USDC on Solana in August

The stablecoin issuer’s August activity brings its 2025 cumulative issuance on the Solana network to $26.25 billion.

USDC

193d ago

Summary

Circle minted $4.75 billion worth of USDC on Solana in August. This brings the company’s total issuance of the stablecoin on the Solana blockchain in 2025 to $26.25 billion.

Terms & Concepts

USDC (USD Coin): A U.S. dollar-pegged stablecoin issued by Circle, designed to maintain a 1:1 value with the dollar.
Minting: The process of creating new tokens on a blockchain, in this case referring to the issuance of new USDC.
Solana: A high-performance blockchain known for its fast transaction speeds and low fees, frequently used for decentralized finance and stablecoin activity.