Circle minted $5 billion worth of USDC in the week ending August 26, marking the largest single-week minting for the stablecoin since early 2026. This activity pushed USDC’s circulating market cap to approximately $73.88 billion, a 2.67% increase in seven days. A significant portion of these USDC issuances landed on Solana, with individual transactions reaching as high as $250 million. Circle was also tapped as the technical provider for Hyperliquid’s $5 billion USDC reserve. USDC’s adjusted on-chain transaction count surged 31.5% week-over-week, while the total stablecoin market cap climbed to $303.72 billion.
Source: Read the original article
