Circle minted another 250 million USDC on Solana, extending a rapid sequence of stablecoin issuance on the network. Onchain Lens reported on X that the transaction was Circle’s fourth mint of the same size within two days: https://x.com/OnchainLens/status/2080458140806779227?s=20

Together, the four 250 million USDC transactions brought total issuance over the two-day period to 1 billion USDC. The activity also raised reported gross USDC issuance on Solana in 2026 to $72.01 billion. The latest transaction originated from an address publicly labeled as belonging to Circle.

USDC Issuance on Solana Reaches $72.01 Billion

Circle completed four separate 250 million USDC mints on Solana within two days. The latest mint followed an earlier transaction that had increased cumulative reported 2026 issuance on the network to 71.01 billion USDC.

The newest issuance lifted that figure to 72.01 billion USDC. However, the total reflects gross minting activity and does not represent the current circulating supply of USDC on Solana.

Circle can burn USDC when customers redeem the tokens for U.S. dollars. The company may also allocate or move liquidity across supported blockchain networks depending on customer and institutional demand.

USDC ranks among the largest U.S. dollar-pegged stablecoins by market capitalization, alongside Tether (USDT). Circle issues each USDC token as a fully reserved digital dollar, backed by cash and short-term U.S. Treasury securities according to the company's published reserve attestations.

Solscan identifies the address associated with the latest transaction as a Circle account. The blockchain explorer provides public records for token creation, transfers, and related wallet activity, including transaction details:

New Minting Adds to Available Solana Liquidity

Fresh USDC issuance can increase available liquidity for exchanges, payment platforms, and decentralized finance applications. Solana’s low transaction fees and fast settlement times make the network commonly used for frequent stablecoin transfers. Solana ranks as one of the most active blockchain networks for USDC circulation, alongside Ethereum, reflecting the network's role in high-throughput digital dollar movement.

At the same time, the four mints do not confirm that an additional $1 billion immediately entered the crypto market. Circle may keep newly created tokens in treasury wallets until customers or institutional partners request distribution.

The latest activity follows other recently reported USDC issuance on Solana. Blockchain tracker Lookonchain previously reported that Circle minted another 1 billion USDC, bringing weekly issuance at that time to 3.5 billion USDC, according to an earlier CoinCryptoNewz report: https://coincryptonewz.com/circle-adds-1b-usdc-on-solana-as-weekly-mint-hits-3-5b/

Circle Expands Stablecoin Infrastructure

Circle has also continued expanding its broader stablecoin infrastructure. CoinCryptoNewz recently reported that the company signed separate agreements with Kakao Group and Toss in South Korea: https://coincryptonewz.com/circle-stablecoin-payments-enter-korea-through-kakao-and-toss/

Those agreements are intended to explore blockchain payment rails, digital asset connectivity, programmable payments, and cross-border settlement. The partnerships remain exploratory, and no consumer product or Korean stablecoin launch has been confirmed. The Korea agreements follow a broader trend of Asian financial technology firms exploring stablecoin-based payment and settlement rails, as regulators in several jurisdictions continue developing frameworks for digital asset and stablecoin oversight.