Circle Co-Founder Highlights USDC’s Rising Onchain Volume on Solana

Circle Co-Founder Highlights USDC’s Rising Onchain Volume on Solana

Circle’s accelerated USDC issuance on Solana—now at 1.75 billion minted in 2026—underscores the network’s expanding role in stablecoin transactions and blockchain-based payments.

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Fact Check
The assessment is primarily based on the highest authority and relevance source provided, the Solana Blockchain Explorer (Solscan). This source is described as a definitive primary tool capable of providing raw, on-chain data for the historical transaction volume of USDC on Solana. The existence and capability of such a direct and authoritative source to verify the statement is the strongest evidence in its favor. While the raw data is not presented, the summary of the source confirms its ability to definitively answer the query. The other sources provide weak or irrelevant information. The Whale Alert and Router Protocol sources indicate that USDC activity exists on Solana but do not provide comprehensive data on the overall volume trend. The Chainlink and Reddit sources are irrelevant to the specific claim. Crucially, none of the provided sources contradict the statement. The combination of a definitive primary source capable of verification and the complete absence of conflicting evidence makes the statement highly likely to be true.
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Summary

On January 6, OnchainLens reported that Circle minted 1 billion USDC on the Solana blockchain in the past 24 hours, bringing the total minted on Solana in 2026 to 1.75 billion USDC. The pace of issuance reflects continued strong demand for USDC on Solana, building on prior large-scale minting activity. This follows Circle's earlier $500 million USDC mint in December 2025, which contributed to a cumulative $18 billion issuance since October of that year and aligns with Circle CEO Jeremy Allaire’s praise of Solana’s high transaction volumes and suitability for financial services.

Terms & Concepts
  • USDC: A U.S. dollar-pegged stablecoin issued by Circle, used for digital payments and transactions.
  • Onchain Volume: The total value of transactions recorded directly on a blockchain network.
  • Solana: A high-speed blockchain known for its scalability and low transaction costs, often used for decentralized applications.