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Circle minted 8 billion USDC on Solana last month, and the cumulative issuance this year has exceeded 36 billion.
In the last month, Circle minted approximately 8 billion USDC on the Solana blockchain. This figure brings the total issuance of USDC on the Solana network this year to over 36.25 billion.
According to the data, Circle's support for the Solana ecosystem is quite strong. After all, as a mainstream stablecoin, USDC's liquidity directly affects the activity level of the entire on-chain DeFi ecosystem. A monthly minting volume of 8 billion indicates that the momentum of capital inflow into this public chain remains strong.
This wave of growth may be related to the recent increase in trading activity on the Solana network. More USDC means more abundant on-chain liquidity, which is good news for applications like DEX and lending protocols.