TREE NEWS reports: Circle’s USDC Treasury minted 250 million USDC on the Solana network at 02:35 Beijing time on October 28, worth about $250 million. Solscan data shows the mint transaction was received by a Circle address and has been confirmed. The mint was flagged by Whale Alert.
Circle Mints 250M USDC on Solana
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AI take
A single 250 million USDC mint is a supply event, not demand in itself — Circle mints when issuance partners request it, and the tokens sit until they are deployed. The Solana venue is the signal worth noting: stablecoin liquidity is concentrating on high-throughput chains, and a mint of this size implies an institutional counterparty preparing for on-chain activity. Whether that supply moves into lending markets, exchange balances or stays idle in treasury addresses is the open question, and it is the difference between genuine liquidity growth and a pre-positioned buffer.
Generated by AI for reference only.
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