USDC just got a big Solana top-up: the USDC Treasury minted 250 million USDC on Solana, per Whale Alert.
Meanwhile $SOL is barely moving at about $95 (CoinDesk) and Solana ETF outflows have been in focus. Fresh stablecoin supply on-chain often points to liquidity being positioned, though it doesn't say which way prices go.
Worth watching whether that $USDC ends up on exchanges or stays in DeFi.
Do you read big stablecoin mints as dry powder or just routine treasury ops?
#Solana #USDC #Stablecoins
Meanwhile $SOL is barely moving at about $95 (CoinDesk) and Solana ETF outflows have been in focus. Fresh stablecoin supply on-chain often points to liquidity being positioned, though it doesn't say which way prices go.
Worth watching whether that $USDC ends up on exchanges or stays in DeFi.
Do you read big stablecoin mints as dry powder or just routine treasury ops?
#Solana #USDC #Stablecoins