🔹 Circle injects an additional $250 million USDC into the Solana blockchain!
📢 According to Spot On Chain, Circle minted an additional $250 million USDC on the Solana network, bringing its total on-chain issuance over the past week to $1 billion, and to $8 billion since January!
🔸 Why is this important?
Solana is gaining strong momentum as a major platform for payments and DeFi.
The rising amount of USDC on the network indicates increased confidence in it as a stable financial intermediary.
This massive influx could impact the liquidity and expansion of Solana’s use in DeFi and other financial applications.
💡 Is this a move to promote Solana as a major alternative to Ethereum in DeFi?!
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