Circle mints about 13.50 billion USDC on Solana in September

Circle minted about 13.50 billion USDC on Solana in September. That is the largest monthly stablecoin mint the network has ever recorded. A month of very large deposits The September total did not come from one giant event. Circle issued USDC in repeated batches throughout the month, frequently in tranches of $250 million. On some occasions the pace climbed to $500 million within short intervals. The busiest stretch came early in the month. Circle minted $3 billion of USDC within a single 24-hour window, according to the research compiled for this story. Many of these transactions were flagged by Whale Alert, the on-chain tracking service known for posting large crypto transfers as they happen. For comparison, gross USDC minting on Solana in August came to approximately $11 billion. At the time, that was the highest monthly figure on record for the chain. Minted is not the same as circulating The headline number deserves a footnote. Gross minting measures how much USDC Circle created, not how much new USDC is actually floating around in wallets and apps. Many large mints first land in treasury or issuer-controlled wallets before being distributed. As a result, net growth in circula...