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
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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.
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