🔥 Record coin-minting circle: 11 billion USD $USDC on Solana in just August $SOL .
In August, Circle issued ~11 billion USDC on Solana, broken into multiple rounds of 250 million USD, including a day when minting reached 1 billion USD. The USDC supply on Solana is currently ~8 billion USD, accounting for over 10% of the total network supply.
Why is it notable?
It’s not just liquidity injection: capital flows from Hyperliquid $HYPE (reserves 5 billion USDC) and BNY Mellon, along with the CCTP infrastructure, are driving a real institutional stablecoin shift toward Solana.
Simply put:
Even after minting billions more USD, USDC still stays pegged at 1.00 USD—showing this is genuine demand growth, not a temporary phenomenon.
#DeFi #CryptoNews
🔗 Source: Crypto Briefing
⚠️ Information is for reference only and not investment advice. Please do your own research before deciding (DYOR).
In August, Circle issued ~11 billion USDC on Solana, broken into multiple rounds of 250 million USD, including a day when minting reached 1 billion USD. The USDC supply on Solana is currently ~8 billion USD, accounting for over 10% of the total network supply.
Why is it notable?
It’s not just liquidity injection: capital flows from Hyperliquid $HYPE (reserves 5 billion USDC) and BNY Mellon, along with the CCTP infrastructure, are driving a real institutional stablecoin shift toward Solana.
Simply put:
Even after minting billions more USD, USDC still stays pegged at 1.00 USD—showing this is genuine demand growth, not a temporary phenomenon.
#DeFi #CryptoNews
🔗 Source: Crypto Briefing
⚠️ Information is for reference only and not investment advice. Please do your own research before deciding (DYOR).