At 03:33 on October 10 (UTC: 19:33 on October 9), Whale Alert, an on-chain monitoring platform, recorded Circle’s USDC Treasury minting 250 million $USDC on the Solana network, worth approximately $250.05 million. The recipient was USDC Treasury at $SOL on-chain. The transaction hash begins with 3YYT1X94 and can be viewed on the platform’s Solana transaction page. The mint was also reported by outlets including Lookonchain and CryptoBriefing; the timestamp from Whale Alert’s on-chain record is the reference point.
In a post published on October 11, KryptoFeed explained that minting does not mean tokens immediately enter circulation: Circle’s process on Solana allows tokens to be pre-minted and then transferred to customers after authorization. Therefore, the amount minted on-chain should not be interpreted directly as an immediate increase in circulating supply. Transparency data (as of October 8) also shows that approximately $9.7 billion was issued and $10.5 billion redeemed over the past seven days, reducing overall circulating supply by about $800 million. This shows that a single large mint can occur alongside net redemptions across the network. It remains to be seen whether the authorized transfer will be completed, how customer deposits will unfold, and whether total circulating supply will rebalance as redemptions and issuance change.
#USDC #SOL #稳定币 does not constitute investment advice.
In a post published on October 11, KryptoFeed explained that minting does not mean tokens immediately enter circulation: Circle’s process on Solana allows tokens to be pre-minted and then transferred to customers after authorization. Therefore, the amount minted on-chain should not be interpreted directly as an immediate increase in circulating supply. Transparency data (as of October 8) also shows that approximately $9.7 billion was issued and $10.5 billion redeemed over the past seven days, reducing overall circulating supply by about $800 million. This shows that a single large mint can occur alongside net redemptions across the network. It remains to be seen whether the authorized transfer will be completed, how customer deposits will unfold, and whether total circulating supply will rebalance as redemptions and issuance change.
#USDC #SOL #稳定币 does not constitute investment advice.