USDC Treasury minted $250 million in USDC directly on the Solana blockchain on August 20, 2026. This operation was part of a broader trend, with approximately $1.25 billion in USDC minted on Solana within a single week. Circle maintains a 1:1 reserve model backed by US dollars, meaning each minted token corresponds to a real dollar held in custody. USDC held its peg after the transaction with no immediate price impact. This minting wave reflects growing institutional demand and sustained DeFi activity on Solana.
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