Circle mints $750 million USDC on Solana, YTD issuance hits $68.26 billion

Circle, the issuer of the USDC stablecoin, minted approximately $750 million USDC on the Solana blockchain over a 24-hour period, marking a significant increase in stablecoin liquidity for the network. This latest mint, identified by on-chain analytics platforms Lookonchain and Solscan, builds on a continuing trend of high-volume USDC minting on Solana, which remains the second-largest blockchain for USDC issuance after Ethereum . According to Lookonchain and Solscan, Circle’s total gross USDC mints on Solana have reached $68.26 billion so far in 2026, with a current weekly average of around $3.5 billion. While not all minted tokens immediately enter user wallets or exchanges, the scale and pace of recent issuances reflect rising demand for dollar settlements facilitated by Solana’s network.

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