Circle Expands USDC Supply on Solana by $5.5 Billion
Circle has been actively expanding its USDC supply on Solana, but the specific figure of $5.5 billion doesn't seem to match the recent reports. Here's what I found ¹ ²:
- *Recent Minting Activity*: Circle minted an additional $250 million USDC on Solana, bringing the total issuance to $1 billion in just seven days. This adds to the $8 billion USDC minted on Solana since the start of 2025.
- *Solana's Stablecoin Market*: USDC dominates Solana's stablecoin market with a 78% market share, overshadowing Tether (USDT) and other rivals. The total stablecoin supply on Solana has more than doubled in a year, reaching $11.579 billion.
- *Growth Drivers*: The growing popularity of memecoins and DeFi protocols within the Solana ecosystem has fueled the demand for USDC. Solana's high-speed and low-cost transactions make it an attractive platform for stablecoin operations.
Some notable figures related to Circle's USDC expansion on Solana include ¹ ³ ⁴:
- *$8 billion*: Total USDC minted on Solana in 2025.
- *$6 billion*: USDC minted on Solana in January and part of February.
- *$2 billion*: Additional USDC minted in February.
- *$250 million*: Recent USDC mint on Solana, bringing the total to $1 billion in just seven days.
- *77-78%*: USDC's market share of Solana's stablecoin ecosystem.