On October 6, a USDC Treasury address minted 250 million USDC tokens on the Solana blockchain, repeating the pattern of several recent large mintings on the network. Similar 250 million USDC mintings occurred on October 2 and September 23, with two transactions on September 25 creating a total of 500 million USDC. These repeated large issuances highlight ongoing liquidity expansion of USDC on Solana, which could impact digital asset markets and stablecoin circulation.
The USDC Treasury's minting of 250 million USDC on Solana is the story's subject, with Pluang market data providing context. For readers following the broader crypto market, 14 of 50 major cryptocurrencies rose while 35 fell. Notable movers include XLM at Rp3.852 with a 3.02% decrease and 72% sell order activity, AXS at Rp23.023 with a 2.95% decrease and 69% buy order activity, and CRV at Rp6.584 with a 2.73% decrease and 87% sell order activity. This data is as of Oct 06, 2026 18:44 WIB.
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