Circle mints $250 M and $68 B of USDC on Solana to deepen dollar liquidity

Circle has issued an additional $250 million of its USDC stablecoin on the Solana blockchain, adding to a year‑to‑date cumulative issuance of roughly $68.26 billion. The latest tranche was minted on July 13 and sent to a Solana address tracked by Onchain Lens.

Only about $7.3 billion of the USDC minted on Solana remains on the chain, representing roughly 10.7 % of the total supply created this year. The large inflow of on‑chain dollars highlights sustained demand for stablecoin liquidity in Solana’s decentralized‑finance ecosystem, where USDC is used for trade settlement, collateral, and tokenized real‑world assets. Circle notes that the volume of minted USDC does not equal circulating supply, as tokens are regularly redeemed, burned, or moved to other networks.

Circle’s continued minting on Solana follows institutional‑focus initiatives, including a partnership with BNY for custodial services and collaborations with Standard Chartered to expand network access for investors.