Solana’s USDC Supply Nears 10% of Total Market
- Circle minted $500 million in USDC on Solana, flagged by Arkham.
- Solana’s weekly USDC issuance reached $3.25 billion, nearing a 10% share of total USDC supply.
- Increased institutional demand led to USDC’s adjusted transaction volume surpassing that of USDT in early years.
- Circle expanded its reach with a cross-chain bridge for native USDC transfers across EVM networks.
- Regulatory clarity has reduced institutional hesitation around building on Solana, boosting demand for onchain dollar liquidity.
Circle’s latest $500 million minting event on Solana adds to the network’s growing share of the USDC market, which is approaching a significant milestone of holding nearly one-tenth of the total supply. This growth is driven by increasing institutional interest and regulatory transparency, as well as Circle’s strategic infrastructure expansions like cross-chain bridges.
The substantial minting reflects real capital inflow into the ecosystem, highlighting Solana’s rising prominence in the stablecoin sector alongside traditional leader Ethereum. (Source)
