TREE NEWS reports: Circle minted 250 million USDC on the Solana network at 05:17 UTC, worth about $250 million, with the transaction confirmed on Solscan. It was the third such mint of the day, following 250 million USDC issuances at 00:17 and 05:04. Circle has now minted a total of 750 million USDC on Solana in the past 24 hours.
Circle Mints 250M USDC on Solana, Third Time Today
Related Coin Charts
AI take
Three same-day mints of this size on a single chain point to issuance being pulled by live demand rather than routine treasury housekeeping, since Circle mints against deposits and redemptions rather than on a schedule. Solana's role as the venue of choice matters: it suggests the marginal user of dollar tokens is prioritizing cheap, fast settlement rails over Ethereum mainnet. Whether the 750 million stays on Solana or bridges out is the open question — that flow, not the mint itself, is what signals where the liquidity actually settles.
Generated by AI for reference only.
Share on WeChat
Open WeChat → Scan → then tap "…" to send to a chat or Moments.
Tap "…" in the top-right corner to send to a chat or share to Moments.
Related News
15m ago
Webb Telescope Finds Evidence of Atmosphere on Lava Planet HD 3167b
2h ago
BNY and Citadel Securities Complete First Tokenized Treasury Triparty Repo
3h ago
Pump.fun BOOST has reinjected $106M in liquidity in about 3 months
3h ago
Icon raises $200M Series D at $1.4B valuation led by BlackRock, Baillie Gifford
4h ago
Uniswap v4 Passes Half of Protocol Volume With $44B in 30 Days
4h ago
Saylor Says Bitcoin Has Bottomed, Will Top $100K in New Bull Run