The stablecoin issuer expanded its USDC supply significantly on the Solana blockchain, reflecting heightened demand for dollar-pegged digital assets.
Circle, the issuer of the USDC stablecoin, has minted approximately $750 million worth of USDC on the Solana blockchain over a 10-hour period. This large-scale issuance highlights growing activity and demand for USDC in decentralized finance and payment applications operating on Solana.