Circle's treasury minted 250 million USDC on the Solana blockchain, continuing a series of similar mints this October. These repeated issuances suggest a planned increase in USDC capacity on Solana, supporting liquidity for traders and DeFi protocols. While minted tokens may remain in reserve, this activity signals growing demand for dollar-pegged stablecoins and renewed interest in Solana-based DeFi. The USDC price remained stable at around $1 during these transactions.
The USDC Treasury's recent minting of 250 million USDC on Solana provides context for readers. For those following the broader cryptocurrency market, Pluang data as of Oct 28, 2026 06:03 WIB shows 34 of 50 major cryptocurrencies rose today while 14 fell. Among notable movers, COTI gained 2.42% to Rp190 with a strong buy order activity of 95%, contrasting with FTM which dropped 2.05% to Rp11.382 after a typical hold time of 88 days.
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