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Circle mints record $13.5B USDC on Solana in September, surpassing August's $11B

Protocol Fundamentals
01 Oct 2026, 18:37 WIB
Crypto Briefing
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Bullish
Circle mints record $13.5B USDC on Solana in September, surpassing August's $11B

Circle minted about $13.5 billion USDC on the Solana network in September, setting a new monthly record for stablecoin issuance on the platform. This minting occurred in multiple batches, with some reaching $500 million within short periods, including a $3 billion mint in a single day. While gross minting measures total USDC created, not all of it immediately circulates, as some tokens remain in treasury wallets before distribution. Solana's total stablecoin supply hit a peak of $17.3 billion by late September, driven mainly by USDC and Tether. The key factor to watch is whether the circulating supply grows alongside gross issuance, indicating real dollar inflows into Solana's ecosystem rather than just transit flows.

The record issuance of USDC on Solana highlights growing activity in stablecoins, while Binance Coin (BNB) remains steady on Pluang. BNB trades at Rp13.768.998 with a slight 0.28% gain and a market cap of Rp1.835,85 trillion. These figures are as of Oct 01, 2026 22:51 WIB.

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