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Altcoins & DeFi

USDC Solana Mint Surges 750M With Strong 68.26B Growth

Image: TronWeekly

Circle has minted around $750 million USDC Solana in past 24 hours as of Oct. 15, new dollar-denominated liquidity into one of the more energetic layer-1 blockchains. The creation of new tokens and not bridged from another blockchain from Circle, USDC’s Washington, D.C.-based issuer, were first uncovered by SolanaFloor on X (formerly Twitter). Per data from DefiLlama tracked via Solana’s SPL token contract on Solscan, the new USDC brings Solana’s native dollar mass to around $7.3 billion to $7.45 billion. As the issuer of the dollar token, Circle is responsible for minting and redeeming USDC tokens on its native chains and through bridges.

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