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Circle Mints 750 Million USDC on Solana, Total Hits 2.75 Billion Since Oct. 11

Circle’s latest USDC issuance on Solana pushes total minting to 2.75 billion tokens since October 11, reflecting rapid growth in stablecoin deployment on the network.

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Summary

Circle has minted an additional 750 million USDC on the Solana blockchain, raising the total amount minted to 2.75 billion USDC since October 11. This rapid expansion underscores the increasing stablecoin activity on Solana and Circle’s continued role in its issuance.

Terms & Concepts
  • USDC: A U.S. dollar-pegged stablecoin issued by Circle, designed to maintain a 1:1 value with the USD.
  • Minting: The process of creating new blockchain tokens, typically by authorized issuers such as stablecoin providers.
  • Solana: A high-performance blockchain supporting decentralized applications and crypto assets with fast transaction speeds and low fees.