Circle reportedly minted approximately 750 million USDC on the Solana blockchain over the past 24 hours, according to social media reports. This significant minting highlights Solana’s growing role in hosting substantial USDC flows, though it remains unclear whether this represents net growth or supports cross-chain transfers. As of October 12, Circle had 72.7 billion dollars of USDC in circulation across 38 blockchains. Observers are watching how this influx of liquidity affects Solana’s price and decentralized finance activity on the platform.
Source: Read the original article
Disclaimer: this content is for information purposes only and is not financial advice. Cryptocurrencies are highly volatile: you may lose all of your capital. Always do your own research. Legal notice
