Circle Mints $250 Million USDC on Solana Network
- Circle mints $250 million USDC on Solana, expanding supply.
- Boost in Solana DeFi liquidity and market share observed.
- Increase highlights institutional reliance on stablecoin transactions.
Circle minted $250 million USDC on Solana on September 19, 2025, enhancing its supply on the network.
This mint underscores Solana’s importance in DeFi liquidity, affecting market share and stability across blockchain networks.
Circle, led by CEO Jeremy Allaire, has minted $250 million USDC on Solana, emphasizing their effort to bolster DeFi liquidity and institutional adoption through Solana’s efficient infrastructure. The move marks another major supply increase on the network.
Circle’s strategy involves increasing USDC issuance, with Jeremy Allaire highlighting Solana’s high-speed capabilities. This action aligns with their previous mints observed since April 2025, underscoring a consistent liquidity management approach.
The mint directly injects $250 million USDC into Solana, increasing its total supply to $24.75 billion. Circle’s stock rose by 3.72% the same day, while Solana’s token saw a 7.69% decline, indicating mixed market reactions.
Partnerships with entities like Visa and SBI Holdings further institutionalize USDC for cross-chain settlements, reinforcing its growing role. “Solana’s performance makes it a critical layer for mainstream stablecoin rails. The velocity at which USDC is minted, transacted, and burned on Solana reflects its strength as a high-speed liquidity vehicle,” said Jeremy Allaire, CEO of Circle. The move is crucial in DeFi settlements and could affect competing platforms over time.
The increased USDC on Solana raises its market dominance. It now represents 26% of DeFi Total Value Locked (TVL). The consistent high-velocity usage of USDC poses competitive pressure on other ecosystems.
Insights suggest that this minting trend will continue to enhance USDC’s liquidity positioning on Solana. Regulatory policies classify stablecoins as essential, possibly influencing their broader adoption in financial systems globally.
