Circle minted two more batches of 250 million $USDC each on the $SOL chain, for a total of 500 million. According to Onchain Lens: From January 1 to October 26, 2026, Circle minted approximately $112.01 billion worth of USDC on Solana across 448 transactions—nearly twice the $56.25 billion minted over all of 2025, representing year-over-year growth of about 99%. Circle minted 500 million in a single day on October 26; September set a monthly record at around $13.5 billion, and October had already reached about $13.25 billion as of the 26th. Every month in 2026 has exceeded the 2025 peak of around $8.25 billion in November, with individual mints typically holding steady at about 250 million.
One thing to keep in mind: $112 billion is the cumulative amount minted, not the amount still sitting on-chain. Redemptions, burns, and cross-chain transfers all reduce the circulating supply. The circulating supply of USDC on Solana has hovered around $6.8 billion to $7.1 billion in recent weeks, which is not the same thing as cumulative issuance. Some people immediately call large mints a “money printer back in action,” but net supply has barely budged—funds flowing in and out is perfectly normal.
Large mints only show recurring demand on this side for native dollar liquidity: spot trading, payment settlement, market-making inventory, and cross-chain bridging all use it. Chinese-language outlet Odaily also included this in its October 27 key points. The more actively stablecoins circulate, the more important it is not to mistake an individual mint for a one-way influx of funds. The numbers are big, but don’t mistake issuance for net inflows. Don’t max out your positions.
#SOL #USDC #行情 does not constitute investment advice.
One thing to keep in mind: $112 billion is the cumulative amount minted, not the amount still sitting on-chain. Redemptions, burns, and cross-chain transfers all reduce the circulating supply. The circulating supply of USDC on Solana has hovered around $6.8 billion to $7.1 billion in recent weeks, which is not the same thing as cumulative issuance. Some people immediately call large mints a “money printer back in action,” but net supply has barely budged—funds flowing in and out is perfectly normal.
Large mints only show recurring demand on this side for native dollar liquidity: spot trading, payment settlement, market-making inventory, and cross-chain bridging all use it. Chinese-language outlet Odaily also included this in its October 27 key points. The more actively stablecoins circulate, the more important it is not to mistake an individual mint for a one-way influx of funds. The numbers are big, but don’t mistake issuance for net inflows. Don’t max out your positions.
#SOL #USDC #行情 does not constitute investment advice.
