Crypto
Circle Mints Another $250 Million USDC on Solana, Raising Questions Over Its Destination
Circle has minted another $250 million in USDC on the Solana blockchain, according to Cointelegraph.
This latest issuance is a substantial increase in USDC created directly on Solana and raises questions about where the newly issued tokens will be deployed.
The distinction between minting new USDC and its immediate destination is important, as it can remain under Circle's control before being distributed according to demand or other operational requirements.
Recent issuance activity has included large USDC mints on Solana, with over $3 billion in USDC minted during the first week of March 2026, citing data from blockchain intelligence firm Arkham.