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

solana coin Circle has minted approximately $3.5 billion worth of USDC on the Solana blockchain over the past week, as reported by @SolanaFloor. This substantial issuance adds to the overall supply of the stablecoin on the network, suggesting heightened activity and liquidity. While this development could indicate increased use of USDC on Solana, it does not necessarily confirm that all minted tokens have entered circulation or signify a direct rise in market demand. 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. The recent minting on Solana aligns with broader trends of leveraging the blockchain’s speed and low transaction costs to facilitate digital asset transactions. Market participants have taken note of this significant minting activity, which may impact Solana’s market dynamics. Observers suggest that increased liquidity could potentially influence Solana’s price, though the ultimate effect remains uncertain. Key Takeaways The recent mint...