🏦 Circle just minted an additional $5 billion $USDC within the week ending on 26/8/2026, with Solana $SOL becoming the main destination for new supply.
The newly issued USDC Treasury has conducted minting transactions worth $130.76 million, bringing the total circulating capitalization to over $73 billion. On Solana alone, Circle minted about $1.25 billion, consisting of multiple rounds of $250 million each.
Why is this noteworthy?
The focus on issuing on Solana indicates that financial institutions are viewing it as a viable infrastructure for large capital flows, while also increasing direct competitive pressure on Tether’s $USDT.
Simply put:
USDC is being printed more aggressively, mainly flowing into Solana—this expands crypto liquidity and challenges USDT’s position.
#DeFi #CryptoNews
🔗 Source: Crypto Briefing
⚠️ Information is for reference only and is not investment advice. Please do your own research before making any decisions (DYOR).
The newly issued USDC Treasury has conducted minting transactions worth $130.76 million, bringing the total circulating capitalization to over $73 billion. On Solana alone, Circle minted about $1.25 billion, consisting of multiple rounds of $250 million each.
Why is this noteworthy?
The focus on issuing on Solana indicates that financial institutions are viewing it as a viable infrastructure for large capital flows, while also increasing direct competitive pressure on Tether’s $USDT.
Simply put:
USDC is being printed more aggressively, mainly flowing into Solana—this expands crypto liquidity and challenges USDT’s position.
#DeFi #CryptoNews
🔗 Source: Crypto Briefing
⚠️ Information is for reference only and is not investment advice. Please do your own research before making any decisions (DYOR).