Circle has issued an additional 1 billion USDC on the Solana network in the last eight hours. This move increases the liquidity of Circle’s Solana-based USDC supply. The issuance signals continued use of Solana as a base for stablecoin activity.
Circle aims to issue a total of 4.25 billion USDC on the Solana platform by 2026. That plan indicates a long-term commitment to Solana as a settlement and liquidity hub for USDC. The development could bolster Solana-based liquidity across DeFi protocols and wallets.
Industry watchers will monitor how the increased USDC supply affects Solana’s liquidity, trading activity, and user adoption. The move may influence stablecoin dynamics on Solana and invite further ecosystem investment.
Leave a Reply