Circle minted about $500 million worth of USD Coin (USDC) on the Solana blockchain within a 24-hour period, contributing to a total USDC supply on Solana nearing $7 billion as of early November. This minting does not directly translate to a $500 million increase in circulating USDC, as tokens must be distributed and redemptions also affect circulation. The actual impact on liquidity in Solana's decentralized finance (DeFi) ecosystem depends on how much of the newly minted USDC enters active use. Monitoring the movement of these tokens into circulation will reveal their effect on market liquidity.
Circle's USDC minting on Solana is notable. For readers following cryptocurrency markets, here is Pluang's snapshot as of Nov 12, 2026 07:32 WIB: Among 50 major cryptocurrencies, 18 rose and 31 fell. Harmony (ONE) dropped 22.53% to Rp27 with 59% buy orders. Balancer (BAL) rose 11.14% to Rp16.297, and EOS.IO (EOS) increased 8.13% to Rp12.649.
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