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Circle mints $3.5B USDC on Solana in a week, signaling strong institutional stablecoin demand.

Protocol Fundamentals
06 Jul 2026
Crypto Briefing
View Source
Bullish
pluang ai news

Circle minted $3.5 billion worth of USDC stablecoins on the Solana blockchain in one week, including a single $1 billion transaction on June 16. This surge pushes total USDC issuance on Solana past $64 billion for 2026, highlighting growing institutional interest and demand for Solana's low-fee, high-speed stablecoin infrastructure. Partnerships with custodial banks like BNY Mellon support this institutional activity, suggesting Solana is becoming a key network for large-scale stablecoin operations. Increased USDC liquidity benefits Solana holders by boosting transaction fees and DeFi activity, marking a shift toward real economic use cases over speculative trading.

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