According to recent reports, the U.S. Department of the Treasury minted 250 million USDC on the Solana network, reflecting the growing demand for stablecoins in the digital financial system⁽¹⁾.
This development comes in the context of the expanding use of USDC in decentralized finance (DeFi), where data indicates that Solana holds a significant share of the stablecoin market, enhancing its liquidity and making it a preferred option for digital transactions⁽¹⁾.
This move is seen as part of a broader strategy to enhance the use of digital currencies in modern financial systems, especially with the increasing institutional interest in this asset class⁽²⁾.