minted<\/a> more than $10.5 billion worth of USD Coin (USDC) on Solana over the past month, a record\u2011setting burst of issuance that underscores Solana\u2019s emergence as a preferred rail for high\u2011throughput dollar flows and DeFi activity. On\u2011chain tracker Lookonchain flagged the latest leg of that surge on X, noting that Circle \u201cminted another 250M $USDC\u201d in a single transaction and that, over the past month, the company has minted \u201ca total of 10.25B $USDC on Solana,\u201d with Binance and other news feeds amplifying the figures.<\/p>\n <\/p>\n
That pace reflects an accelerating trend. WEEX, citing data from on\u2011chain analyst Onchain Lens, reported that Circle minted $550 million USDC on Solana within 12 hours and more than $10.19 billion in roughly 30 days, while BlockBeats and Cointech2u highlighted a 24\u2011hour period in early April when Circle minted $1 billion USDC on Solana, pushing total monthly issuance there to around $11.25 billion. Coinfomania summarized the pattern by saying Circle had maintained \u201ca consistent daily issuance of $750 million\u201d during the first week of April, adding that the steady flow \u201cshows rising demand\u201d and \u201cpoints to growing activity across the Solana ecosystem.\u201d<\/p>\n
Solana\u2019s stablecoin breakout and USDC\u2019s multi\u2011chain strategy<\/h1>\n
The minting spree comes as Solana consolidates its position as a major hub for stablecoin payments and trading. According to research shared by The Kobeissi Letter and covered by Coinpaper, Solana processed about $650 billion in stablecoin transactions in February 2026, the highest monthly volume ever recorded on any blockchain and ahead of Ethereum\u2019s roughly $551 billion for the same period. Stablecoin Insider notes that February\u2019s tally marked \u201cthe first time Solana has led on settlement volume,\u201d and estimates that total stablecoin market capitalization has now crossed $320 billion, driven in part by institutional demand and US regulatory tailwinds such as the GENIUS Act.<\/p>\n
CoinStats\u2019 April investment analysis puts Solana\u2019s DeFi total value locked at a record 80 million SOL \u2014 about $10 billion at recent prices \u2014 up from $8.1 billion in late 2025, despite broader market chop. Cryptometer.io reports that as of early April, USDC supply on Solana stood around $7.62 billion, adding that the chain\u2019s role in \u201ccrypto payments, trading, and fast\u2011moving financial apps\u201d has grown rapidly alongside support from major wallets and exchanges. Binance\u2019s news feed has called Circle\u2019s latest Solana activity its \u201cbusiest week so far in 2026,\u201d pointing to $3.25 billion minted on the network between March 31 and April 6 alone.<\/p>\n
Circle has not commented in detail on the Solana\u2011specific spike, but its broader disclosures emphasize a multi\u2011chain strategy that puts USDC wherever developers and users need low\u2011fee, high\u2011speed dollar liquidity. The recent flurry of mints, with no corresponding surge in large redemptions reported on\u2011chain, suggests net expansion rather than simple re\u2011issuance, a pattern that typically tracks fresh demand from exchanges, DeFi protocols and payment platforms building on Solana.<\/p>\n
For crypto markets, the numbers reinforce two themes. First, stablecoins remain the core plumbing of digital finance, with Solana proving that alternative L1s can rival and even surpass Ethereum in raw settlement volume when fees and throughput align with market demand. Second, the concentration of more than $10.5 billion in new USDC on a single chain in under a month raises questions about liquidity clustering and systemic risk: if Solana faces a major technical or regulatory shock, a large chunk of on\u2011chain dollar liquidity would be directly exposed.<\/p>\n
Relevant crypto.news pieces that can be linked as single words in the article include a story on the global stablecoin market surpassing $280 billion, another story on tokenised treasuries reaching $7.4 billion, and an analysis of institutional real\u2011world\u2011asset tokenization becoming a new backbone for capital markets, all of which provide context for USDC\u2019s rapid growth on Solana.<\/p>\n
<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"
Circle has minted more than $10.5b USDC on Solana in a month, underscoring the chain\u2019s rise as a high\u2011throughput rail for on\u2011chain dollars and DeFi flows. Summary Lookonchain and others…<\/p>\n","protected":false},"author":1,"featured_media":1079,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-25615","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/25615","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=25615"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/25615\/revisions"}],"predecessor-version":[{"id":25616,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/25615\/revisions\/25616"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/1079"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=25615"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=25615"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=25615"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}