Circle minted 500 million USDC on Solana in two batches, pushing the total stablecoin supply on SOL to an all-time high of approximately $17.3 billion.

As a US dollar stablecoin issuer, Circle must hold $1 in reserves for every USDC it mints. This issuance reflects rising demand for USDC liquidity across the SOL ecosystem (DeFi, exchanges, and tokenized assets). SOL is the fastest-growing network for USDC.

Note: New issuance does not mean the funds immediately flow into the spot market; watch where the funds go next.

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