Circle mints approximately $3.5 billion USDC on Solana in the past seven days

What happened

This substantial issuance adds to the overall supply of the stablecoin (a digital token meant to hold a fixed value, usually one dollar) on the network, suggesting heightened activity and liquidity. While this development could indicate increased use of USDC (Circle’s dollar-pegged token) on Solana, it does not necessarily confirm that all minted tokens have entered circulation or signify a direct rise in market demand.

Share Circle has minted approximately $3.5 billion worth of USDC on the Solana blockchain over the past week, as reported by @SolanaFloor. The minting of USDC by Circle, a prominent player in the stablecoin market, reflects its ongoing commitment to expanding the availability of its dollar-pegged token across various blockchain networks. As of October 8, 2026, Circle reported a global USDC circulation of about $73 billion.