Circle Mints Approximately $500 Million USDC on Solana and $100 Million USDC on Ethereum

Circle continues multi-chain USDC expansion, minting 10 billion on Solana since October and sustaining significant on-chain liquidity growth across blockchains.

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Fact Check
The assessment is primarily based on the high-authority, high-relevance evidence from Messari, a reputable crypto data and research firm. This source directly confirms the core elements of the statement: large-scale minting of USDC on both the Solana and Ethereum blockchains. While the summary notes that the specific numbers in the data snippet may differ, the statement's use of the word "approximately" allows for this variance. The existence of Dune, a premier on-chain analytics platform, further supports the claim by confirming that such transactions are publicly verifiable on the blockchain, lending credibility to the report. The other sources are irrelevant as they either provide general market data without specifics on minting events (Coinbase) or are educational/social media posts not related to Circle's specific activities (Ledger, X.com). There is no conflicting evidence among the provided sources, and the strongest piece of evidence directly supports the substance of the claim, making the statement very likely to be true.
Summary

Circle, issuer of the U.S. dollar-pegged stablecoin USDC, minted 500 million USDC on Solana on November 25, according to Onchain Lens data. Since October 11, Circle has minted a cumulative 10 billion USDC on the Solana network, underscoring its strong supply growth strategy. This activity complements its previous issuance of 100 million USDC on Ethereum, reflecting Circle's commitment to enhancing liquidity across multiple blockchain ecosystems.

Terms & Concepts
  • USDC: A U.S. dollar-pegged stablecoin issued by Circle, used for digital payments and trading.
  • Solana: A high-performance blockchain network known for fast transactions and low fees.
  • Minting: The process of creating new cryptocurrency tokens on a blockchain.