Asset icon - trade crypto, stocks, and gold on Pluang
Trade on Pluang
One platform for all markets
Download

Circle mints $500M USDC on Solana, boosting stablecoin liquidity and Solana's share to 10.3% globally.

Market News
13 Jun 2026
Crypto Daily
View Source
Bullish
pluang ai news

In June 2026, Circle minted $500 million USDC on Solana, raising Solana's share of global USDC to about 10.3% and increasing on-chain dollar liquidity to support payments, DeFi, and real-world asset transactions. This surge builds on Solana's $16.4 billion stablecoin supply peak in May and $2.8 billion in tokenized real-world assets, enhancing liquidity depth and improving transaction efficiency with lower slippage and faster settlements. The growth in stablecoins, combined with $1.0–$1.1 billion in U.S.-listed spot SOL ETFs, supports more reliable trading and institutional interest, potentially underpinning a sustained recovery in SOL price if liquidity continues to stick and utility expands. Key risks include issuer concentration, regulatory changes, and market volatility, but the expanded stablecoin base strengthens Solana's payments and trading ecosystem.

More News (SOL)

SpaceX tokenized stock demand on Solana surged but allocations canceled due to insufficient real shares.

SpaceX tokenized stock demand on Solana surged but allocations canceled due to insufficient real shares.

A surge in demand for SpaceX tokenized stocks on Solana led to $557 million committed via Binance Wallet, but the tokenization provider could not secure enough underlying shares to fulfill subscriptions. This caused cancellations and refunds on platf...

Protocol Fundamentals
Bearish
4 hours ago
Starknet launches appchain framework for custom rollups, enabling tailored blockchain solutions with shared security.

Starknet launches appchain framework for custom rollups, enabling tailored blockchain solutions with shared security.

Starknet has released a new appchain framework that allows developers to create sovereign blockchains with custom execution logic while inheriting security from Starknet's zero-knowledge (ZK) core stack. This framework focuses on modular settlement a...

Protocol Fundamentals
Neutral
6 hours ago
SEC approves T. Rowe Price Active Crypto ETF with BTC, ETH, XRP and more eligible assets

SEC approves T. Rowe Price Active Crypto ETF with BTC, ETH, XRP and more eligible assets

The SEC has approved the T. Rowe Price Active Crypto ETF, allowing it to list and trade shares with an active strategy investing in 5 to 15 eligible cryptocurrencies including Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP). The fund can also use USD...

Market News
Bullish
13 hours ago
Solana price rises over 4% weekly as tokenized SpaceX shares launch on its network.

Solana price rises over 4% weekly as tokenized SpaceX shares launch on its network.

Solana's price increased by 3.38% to $67.73, extending weekly gains above 4%, driven by renewed bullish momentum. This rise coincides with the launch of SPCX, a tokenized SpaceX share product on Solana, allowing users to trade and redeem tokenized sh...

Market News
Bullish
20 hours ago
Bitcoin and Ethereum lead crypto gains as investors favor large-cap assets amid selective buying.

Bitcoin and Ethereum lead crypto gains as investors favor large-cap assets amid selective buying.

Bitcoin and Ethereum posted solid daily gains, with Bitcoin up 2.21% to $64,054.40 and Ethereum rising 2.57% to $1,684.08. This rally is driven by increased dominance of these large-cap cryptocurrencies, signaling investor preference for quality and ...

Market News
Bullish
20 hours ago
banner-footerbanner-footer

Invest & Trade with
#1 Award-Winning Investment Super App