on-chain movement

Circle minted another 750 million USDC on Solana in the last 24 hours

0Importance
closedStatus
1News media
3Pieces
Published
Updated
Since then
2 new reports

Circle minted USDC on Solana in several batches over a seven-day period, including 250 million, 750 million, and a total near 3.5 billion across the week. One report places the seven-day tally on Oct. 12 and says the issuance increased the amount of the dollar-pegged stablecoin on Solana.

Key claims & sources

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Circle minted another 750 million USDC on Solana in the last 24 hours.
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The seven-day issuance increased the amount of USDC on Solana during the period reported on Oct. 12.

What it means

Solana users and traders notice more USDC available on the network today after the 250 million mint and the larger seven-day issuance. That changes the amount of dollar-pegged stablecoin sitting on Solana, which is the concrete shift described here.

Compared with before, the network had a larger USDC supply after the recent minting, and the weekly tally shows repeated issuance over several days. What stays the same is that these reports only describe minting and supply changes, not any move in Solana itself.

Market reaction i

USDCUSDC the event is about this asset
first headline
0.0% 2 h before
0.0% 4 h after
$0.9997price at publication
12data points

Coverage timeline

Every piece in order, with the time its news medium declares — if it is not believable we use ours and say so — and what it added to what was already known at that point. Arriving first is not the same as adding something.

first
Oct 9 20:31
+1 d 9 h
Oct 11 05:33
Crypto Briefing context
Its angle: significant, potential, regarding
+2 d 11 h
Oct 12 07:58

Has this happened before?

WhenWhat happenedFigure
35 days ago Circle mints about 13.50 billion USDC on Solana in September event 3 actors in common · 2 news media
29 days ago Aave v4 on Base draws $4.7 million in Coinbase tokenized stock deposits event 1 actors in common · 2 news media
31 days ago Pump.fun’s $2.8 billion on-chain treasury is mostly its own PUMP token event 1 actors in common · 2 news media
35 days ago BNB Chain crosses $1B in tokenized stocks, ETFs as market hits $3.7B event 1 actors in common · 2 news media
36 days ago USDai and sUSDai Expand to Solana as OFT Transfers Top $2 Billion event 1 actors in common · 2 news media