$SOL — CIRCLE has just printed a new batch of $500 million in USDC on Solana. 🚨
Circle issued $500 million worth of USDC on Solana in two tranches of $250 million each, adding another major liquidity injection to the network. The report confirms that issuance operations occurred on-chain, even though the tokens initially remained in Circle’s treasury/controlled custody rather than entering trading immediately.
This isn’t an isolated move.
The total supply of stablecoins on Solana reached a new all-time high of $17.3 billion, while reports indicate that Circle issued roughly $11 billion in USDC on Solana during just August.
Why does this matter for $SOL ?
Increasing stablecoin liquidity can mean more fuel for DEX and DeFi trading, payments, and on-chain activity.
The funds don’t leave Solana.
More dollars are constantly being minted on it. 👀
Please follow up
$CRCL
#circlemints500musdconsolana #PolymarketBankFailureBetsDrawFDICConcern #BlackRockBuildsTokenizedPortfoliosForOndo #BitwiseFilesToListNEARETFOnNYSEArca #SECCommissionerPeirceToLeaveOct2
Circle issued $500 million worth of USDC on Solana in two tranches of $250 million each, adding another major liquidity injection to the network. The report confirms that issuance operations occurred on-chain, even though the tokens initially remained in Circle’s treasury/controlled custody rather than entering trading immediately.
This isn’t an isolated move.
The total supply of stablecoins on Solana reached a new all-time high of $17.3 billion, while reports indicate that Circle issued roughly $11 billion in USDC on Solana during just August.
Why does this matter for $SOL ?
Increasing stablecoin liquidity can mean more fuel for DEX and DeFi trading, payments, and on-chain activity.
The funds don’t leave Solana.
More dollars are constantly being minted on it. 👀
Please follow up
$CRCL
#circlemints500musdconsolana #PolymarketBankFailureBetsDrawFDICConcern #BlackRockBuildsTokenizedPortfoliosForOndo #BitwiseFilesToListNEARETFOnNYSEArca #SECCommissionerPeirceToLeaveOct2
