1d ago

Circle mints another 250M USDC on Solana on Sept. 4, taking September issuance to $1.25B in three days

AI Market Summary

Circle's additional 250M USDC mint on Solana lifts September issuance to $1.25B in three days, expanding on-chain stablecoin liquidity. The pace of minting signals strong transactional and DeFi demand for dollar settlement on Solana, which can tighten spreads and improve capital efficiency across Solana-native venues. Near-term market focus is likely to shift to stablecoin flows, DEX volumes, and lending utilization on SOL.

Impact level

● Medium

Affected assets

SOL/USDT+0.11%

AI Insight · SOL/USDTAI Insight

▲ Bullish

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Circle minted an additional 250 million USDC on the Solana network on Sept. 4. The move brought its total USDC minted on Solana in the first three days of September to $1.25 billion. The large issuance further expanded the stablecoin supply on Solana. It also reflects continued strong demand for U.S. dollar stablecoins on the network.

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