Circle’s USDC Treasury minted 250 million USDC on the Solana blockchain between October 27 and 28, 2026. It was the fifth identical issuance in October, following transactions on October 2, 6, 16, and 23, all conducted on Solana. Whale Alert authenticated the transactions, while the Solscan block explorer confirmed that they originated from the official USDC Treasury contract. USDC is backed by reserves held at traditional financial institutions and maintained its dollar peg throughout all five transactions. The issuances could bolster liquidity for decentralized finance on Solana, but their actual impact will depend on whether the tokens leave the treasury and enter circulation.
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