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Gate Square New & Returning Creator Rewards are ongoing!
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Solana Sees Major USDC Expansion as Circle Mints Fresh 500 Million Tokens
Onchain data reveals that stablecoin issuer Circle has minted an additional 500 million USDC directly on the Solana blockchain, marking another significant capital injection into the ecosystem. This latest move underscores the growing demand for USDC liquidity on Solana’s high-speed network.
The expansion reflects a broader trend of stablecoin concentration on Solana. Since the beginning of October 11, Circle has deployed a cumulative total of 18 billion USDC across the Solana network, demonstrating sustained confidence in the blockchain’s utility for DeFi protocols, NFT marketplaces, and payment infrastructure.
This continuous minting activity by Circle highlights Solana’s strategic importance in the stablecoin ecosystem, as developers and traders increasingly rely on USDC for trading pairs, yield farming, and cross-chain bridges on the network.