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Circle Mints About $500 Million in USDC on Solana in 24 Hours

Circle Mints About $500 Million in USDC on Solana in 24 Hours

According to Onchain Lens, Circle minted another 500 million USDC on Solana on March 28, lifting its 30-day issuance on the network to $24.4 billion.

SOL
USDC

Fact Check
The event is documented by PANews (https://www.panewslab.com/zh/articles/019d31c2-8e31-777a-9fef-866c76d17333) and corroborated by on-chain monitoring data from Whale Alert and Onchain Lens. The specific details regarding the amount ($500 million), the network (Solana), and the date (March 28, 2026) match across sources.
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Summary

Onchain Lens reported on March 28 that Circle minted 500 million USDC on Solana. The update materially expands the existing topic, which had tracked about $500 million in USDC minted on Solana within 24 hours based on March 27 activity. With the latest issuance, Circle’s 30-day USDC minting on Solana reached $24.4 billion, highlighting sustained large-scale stablecoin creation on the network.

Terms & Concepts
  • USDC: A U.S. dollar-pegged stablecoin intended to maintain a 1:1 value with the dollar.
  • Solana: A blockchain network designed for high transaction throughput and relatively low fees.
  • Minted: The creation of new blockchain tokens before they are distributed or enter broader circulation.