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Circle mints 750M USDC on Solana, boosting liquidity and potential SOL demand.

Protocol Fundamentals
09 Oct 2026
Crypto Briefing
View Source
Bullish
Circle mints 750M USDC on Solana, boosting liquidity and potential SOL demand.

Circle minted 750 million USDC on the Solana blockchain within 24 hours, increasing the stablecoin liquidity on Solana, which holds $7.3–$7.45 billion in native USDC. This surge may signal growing demand for Solana's native token, SOL, though it is unclear if the new USDC has been actively used in the market. Investors will watch for how this liquidity affects Solana's economic activity, including any new projects or partnerships and broader market or regulatory changes that could impact SOL's price.

As of Oct 10, 2026 03:52 WIB, Solana (SOL) trades at Rp1.947.703 on Pluang, showing a 1-day decline of 0.72%. The market cap stands at Rp1.145,35 trillion with a 24-hour trading volume of Rp51,31 trillion. Despite the recent large minting of USDC on Solana, Pluang's order activity remains balanced with 49% Sell and 51% Buy, and the typical hold time is 71 days.

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