Circle has issued another 250 million USDC, bringing its total issuance on the Solana blockchain to $10.5 billion over the past 30 days. This recent minting is described as part of regular treasury activities to prepare liquidity, though it does not guarantee immediate capital inflows. The significant volume highlights growing stablecoin utilization on Solana’s network.
Circle has issued another 250 million USDC tokens, bringing its total issuance on Solana to 10.5 billion over the past 30 days. It indicates that there is significant growth in the utilization of stablecoins on the Solana network.
Circle issued 250 million USDC during its latest minting. The deal is indicative of regular treasury activities and not directly linked to any immediate spending needs.
In the last month, 10.5 billion USDC has been issued by the company on Solana. This represents a sustained issuance rate as opposed to what was previously recorded.
Minting is not synonymous with an influx of capital. USDC is minted beforehand and kept in treasury wallets.
The stablecoin inflows into Solana continue because of cheap transactions and high throughput. More USDC supply would allow DeFi exchanges, lending platforms, international payments, and money transfers.
