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Circle Deploys Another Tranche of USDC on Solana Amid Growing Stablecoin Activity
According to recent on-chain data tracked by Onchain Lens, Circle has just minted 500 million USDC tokens on the Solana blockchain. This latest issuance marks a significant move in the stablecoin provider's strategy to expand liquidity across different networks.
The development continues Circle's aggressive deployment patterns observed since mid-October. Since October 11, the company has cumulatively issued 18 billion USDC across the Solana network, demonstrating sustained confidence in the ecosystem's growth potential and adoption rates.
This consistent minting activity reflects Circle's commitment to supporting the Solana ecosystem with adequate stablecoin liquidity, which has become increasingly important for trading and DeFi applications on the network.