Stablecoin issuer Circle created roughly 250 million new USD Coin on 24 June, minting the tokens on the Solana network, according to on-chain treasury data. The single issuance adds to the recent expansion of USDC’s circulating supply and reinforces Solana’s position as a leading venue for dollar-pegged assets. The move comes as rival token Tether continues to scale. USDT’s outstanding float has climbed past $156 billion and was cited at about $157.4 billion late on 24 June, an all-time high. The TRON blockchain now hosts more than $80 billion of that total, underscoring the concentration of stablecoin activity on a handful of networks. Together with a rise in Circle’s euro-denominated EURC, whose supply has tripled to $236 million over the past year, the fresh USDC and record USDT levels highlight accelerating demand for fiat-backed digital cash even as regulators scrutinize the sector.