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Circle mints $3.5B USDC on Solana, boosting liquidity and potential price impact

Protocol Fundamentals
12 Oct 2026, 10:58 WIB
Crypto Briefing
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Bullish
Circle mints $3.5B USDC on Solana, boosting liquidity and potential price impact

Circle has minted about $3.5 billion worth of USDC stablecoins on the Solana blockchain in the past week, increasing liquidity and network activity. This move supports Circle's strategy to expand USDC availability across blockchains and contributes to its $73 billion global circulation. While this could positively influence Solana's price, the actual market impact remains uncertain. Investors will watch for price changes, volume shifts, and regulatory updates related to Solana and USDC.

Solana (SOL) is trading at Rp2.008.225 with a 1-day gain of 2.85%, showing positive momentum possibly linked to increased USDC activity on its blockchain. USDC itself is priced at Rp17.867 with a slight 0.10% increase and a high 24-hour volume of Rp182,84 trillion on Pluang. These figures are current as of Oct 12, 2026 15:02 WIB.

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