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Crypto DeFi

Circle Mints 500M USDC on Solana in Two Batches Today

USDC Treasury minted 250 million USDC on Solana at 05:42 Beijing time and another 250 million at 11:04, for a total of 500 million USDC issued on the network on September 26. The two mints bring the day’s new USDC issuance on Solana to half a billion tokens.

Original source

AI take

Large USDC mints on Solana are routine liquidity operations, but two same-day batches of this size indicate meaningful issuance demand rather than a single treasury adjustment. For Solana's DeFi and payments ecosystem, fresh stablecoin supply is the raw material for lending, trading, and settlement activity, so the mints are a supply-side signal worth tracking. Whether the new tokens stay on Solana or bridge out is the open question — that flow, not the mint itself, will show where demand is actually settling.

Generated by AI for reference only.

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