DeFi· ★★★· bullish·

Circle mints $750M in USDC, including $500M on Solana

  • —USDC Treasury confirmed a $250 million mint on Oct. 20
  • —Circle issued about $500 million more on Solana over six hours on Oct. 21
  • —USDC market cap is about $72.15 billion, with 72.16 billion tokens in circulation
  • —Analysts link the issuance to demand from DeFi and AI-based payment services
Why it matters: The $500 million USDC inflow to Solana could support liquidity and trading activity across its DeFi applications.
Source: Happycoin.club