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Circle mints $3B USDC on Solana in 24 hours, signaling rising institutional demand.

Protocol Fundamentals
07 Sep 2026
Crypto Briefing
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Bullish
Circle mints $3B USDC on Solana in 24 hours, signaling rising institutional demand.

Circle minted $3 billion worth of USDC stablecoins on the Solana blockchain within 24 hours, marking one of the largest single-day issuances on Solana. This surge reflects a broader trend in 2026 of increasing institutional demand for USDC liquidity on Solana, favored for its lower fees and faster transaction speeds compared to Ethereum. Partnerships like BNY Mellon's collaboration with Circle facilitate easier institutional access to Solana-based USDC. The shift from Ethereum to Solana indicates a strategic move by institutions seeking efficient stablecoin transactions in decentralized finance (DeFi).

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