Circle Mints About 750 Million USDC on Solana in Six Hours

According to Whale Alert, USDC Treasury minted another 250 million USDC on Solana, adding to recent issuance activity and indicating a continued expansion of stablecoin supply on the network.

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Summary

According to Whale Alert, USDC issuer USDC Treasury minted an additional 250 million USDC on the Solana blockchain on March 11. This adds new issuance to the topic’s earlier report that about 750 million USDC had already been minted on Solana within six hours. The update indicates continued USDC supply expansion on Solana, although no reason for the new minting or details on immediate circulation were provided in the source.

Terms & Concepts
  • USDC: A U.S. dollar-pegged stablecoin intended to maintain a value of 1 dollar per token.
  • Solana: A blockchain network known for high throughput and relatively low transaction costs.
  • Minting: The issuance of new tokens on a blockchain by an authorized entity.