đš $SOL â Another $500M USDC Minted on Solana
Circle just minted another $500M USDC on Solana, split into two $250M transactions. đ
On-chain data shows the new USDC was initially held in Circle-controlled treasury wallets, so it doesnât necessarily mean all of that liquidity entered the market immediately.
But the bigger picture is interesting. đ
Solanaâs total stablecoin supply has reached a new $17.3B ATH, while around $11B of USDC was reportedly minted on Solana in August.
Why does this matter for $SOL L?
More stablecoins on the network can provide additional liquidity for DeFi, DEX trading, payments, and overall on-chain activity.
đ° More stablecoins
⥠More liquidity
đ More potential on-chain activity
Solanaâs liquidity story is definitely getting interesting. đđ„
#CircleMints500MUSDCOnSolana a #PolymarketBankFailureBetsDrawFDICConcern etsDrawFDICConcern #BlackRockBuildsTokenizedPortfoliosForOndo #BitwiseFilesToListNEARETFOnNYSEArca #SECCommissionerPeirceToLeaveOct2
Circle just minted another $500M USDC on Solana, split into two $250M transactions. đ
On-chain data shows the new USDC was initially held in Circle-controlled treasury wallets, so it doesnât necessarily mean all of that liquidity entered the market immediately.
But the bigger picture is interesting. đ
Solanaâs total stablecoin supply has reached a new $17.3B ATH, while around $11B of USDC was reportedly minted on Solana in August.
Why does this matter for $SOL L?
More stablecoins on the network can provide additional liquidity for DeFi, DEX trading, payments, and overall on-chain activity.
đ° More stablecoins
⥠More liquidity
đ More potential on-chain activity
Solanaâs liquidity story is definitely getting interesting. đđ„
#CircleMints500MUSDCOnSolana a #PolymarketBankFailureBetsDrawFDICConcern etsDrawFDICConcern #BlackRockBuildsTokenizedPortfoliosForOndo #BitwiseFilesToListNEARETFOnNYSEArca #SECCommissionerPeirceToLeaveOct2
