Circle minted approximately 4 billion USDC on the Solana blockchain over the past seven days, according to data shared by SolanaFloor. The issuance adds to the existing USDC supply on Solana, where the stablecoin is natively issued as an SPL token. It does not necessarily increase the circulating supply or exchange balances, suggesting possible strategic adjustments by Circle rather than a direct liquidity boost. Market participants view the development as consistent with a scenario in which Solana’s price could rise, although the expected impact remains moderate.
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