Circle minted another ~4 billion USDC on Solana in the last 7 days

Circle has reportedly minted approximately 4 billion USDC on the Solana blockchain over the past week, according to data shared by @SolanaFloor. This development adds to the existing supply of USDC on Solana, a chain where the stablecoin is natively issued as an SPL token. While this mint does not directly translate to an increase in circulating supply or exchange balances, it is a significant addition to Solana’s blockchain activities, where it already holds a substantial amount of USDC. This minting activity may suggest increased demand or strategic adjustments by Circle within the Solana ecosystem. Observers should monitor any further announcements from Circle regarding their strategic intentions for USDC on Solana.

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