Circle Mints Another 250M $USDC on Solana—Stablecoin Growth Surges Amid Market Volatility

2025-02-04 07:59:46

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The cryptocurrency market remains turbulent, but Circle is undeterred. The company is moving ahead with its plans to expand on the Solana blockchain and just two hours ago minted another 250 million USDC.

This continued USDC minting activity has occurred against the backdrop of impressive overall growth of Solana’s stablecoin ecosystem. Over the last six weeks, the stablecoin market cap on Solana has tripled, and Solana has seen the ongoing adoption of those stablecoins. In the same period, Cir

USDC0.02%

SOL-1.13%

JST6.82%

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