Circle has significantly increased its USDC reserves on the Solana blockchain, minting $750 million worth of USDC in the past few days. This includes a $250 million mint just 6 minutes ago, bringing the total USDC reserves on Solana to $2.35 billion. The overall stablecoin reserves on Solana have now reached $3.35 billion. This surge in USDC minting represents a 25% increase in USDC reserves on Solana. Circle minted $500 million worth of USDC in the last 24 hours, marking the biggest 1-day inflow of 2024.
Sources
crypto.news
In the past week, Circle has injected nearly $1 billion in fresh liquidity into the Solana ecosystem https://t.co/YLtORfQkBu
MartyParty Stable Coin Update: 4min ago another 250m $USDC minted by @circle on @solana Thats 750m in a few days. You have no idea how much Stable Coin will be minted people. Fuel the digital economy! https://t.co/rG45PBvA7n https://t.co/AHsxoSKc8P
gum Circle minted $500M worth of USDC in the last 24 hours, on Solana Biggest 1-day inflow of 2024 by far
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