COINOTAG News reported in a December 31 update, citing OnchainLens data that Circle minted about 1 billion USDC on the Solana network. The milestone highlights persistent stablecoin issuance activity and reinforces Solana’s role in on-chain liquidity provision.
Over the preceding 11 hours, Circle and Tether together issued roughly $2 billion in new stablecoins, comprising USDC and USDT. Analysts will watch how this inflow affects on-chain funding costs, liquidity depth, and cross-chain settlement velocity.
This sustained minting cadence signals continuing demand for on-chain liquidity across crypto markets. Market participants should monitor reserve coverage, regulatory updates, and potential downstream effects on DeFi protocols, pricing dynamics, and collateral sufficiency across liquidity pools.
Source: https://en.coinotag.com/breakingnews/usdc-surges-as-circle-mints-1b-usdc-on-solana-usdc-and-usdt-stablecoins-add-2b-in-11-hours
