#CircleMints$2.75BUSDCOnSolanaIn7Days
๐ต Circle Mints $2.75B USDC on Solana
โก Reports indicate Circle minted around $2.75B in USDC on Solana within 7 days.
๐ This expands dollar liquidity available for settlement, trading, payments, exchange inventory and DeFi.
โ ๏ธ But minting is gross issuance, not net capital inflow. Redemptions and burns can offset the supply increase, and the USDC does not necessarily represent direct buying demand for SOL.
๐ Will Solanaโs growing USDC liquidity translate into more on-chain activity?
#Solana #SOL #USDC #CryptoMarket
๐ต Circle Mints $2.75B USDC on Solana
โก Reports indicate Circle minted around $2.75B in USDC on Solana within 7 days.
๐ This expands dollar liquidity available for settlement, trading, payments, exchange inventory and DeFi.
โ ๏ธ But minting is gross issuance, not net capital inflow. Redemptions and burns can offset the supply increase, and the USDC does not necessarily represent direct buying demand for SOL.
๐ Will Solanaโs growing USDC liquidity translate into more on-chain activity?
#Solana #SOL #USDC #CryptoMarket
