$SOL — Circle just printed a brand-new batch worth $500 million in USDC on Solana. 🚨
Circle issued $500 million in USDC on Solana in two tranches of $250 million each, bringing a major new influx of liquidity to the network. The post confirms the minting operations, even though the tokens initially remained in the treasury controlled by Circle rather than entering circulation right away.
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 about $11 billion worth of USDC on Solana just in August.
Why does this matter for SOL?
An increase in stablecoin liquidity can mean more fuel for trading on DEXs, for DeFi, for payments, and for on-chain activity.
The money doesn’t leave Solana.
More dollars are being minted continuously on top of it. 👀
Thank you for following #CircleMints500MUSDCOnSolana
$RARE
$ARK
Circle issued $500 million in USDC on Solana in two tranches of $250 million each, bringing a major new influx of liquidity to the network. The post confirms the minting operations, even though the tokens initially remained in the treasury controlled by Circle rather than entering circulation right away.
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 about $11 billion worth of USDC on Solana just in August.
Why does this matter for SOL?
An increase in stablecoin liquidity can mean more fuel for trading on DEXs, for DeFi, for payments, and for on-chain activity.
The money doesn’t leave Solana.
More dollars are being minted continuously on top of it. 👀
Thank you for following #CircleMints500MUSDCOnSolana
$RARE
$ARK
