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Circle Sends Solana Stablecoin Supply Soaring Again
Circle minted $1 billion in USDC on Solana on June 16, according to on-chain tracker Lookonchain. The issuance brought Circle’s total USDC minting on the network to $3.5 billion over the past seven days. Circle had not issued a separate public statement confirming the specific mint at the time of publication. Solana has become one of the most active networks for stablecoin transfers due to low transaction fees and sub-second settlement speeds. USDC is widely used across decentralized trading, payments, and cross-border transfer products built on the chain. Circle states on its website that USDC is a fully reserved ... (full story)
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