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Solana Surges as Circle Issues Record $11B in USDC Stablecoins

Guavy AI Editorial Team
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HYPE SOL USDC
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In August 2026, Circle minted $11 billion worth of USDC stablecoins on the Solana blockchain. This was the largest monthly issuance ever recorded on this network.

The surge pushed Solana's circulating USDC supply to about $8 billion, which accounts for over 10% of USDC's total supply across all blockchains.

The minting was backed by one-to-one USD reserves, indicating real demand from institutional players like Hyperliquid and BNY Mellon.

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