Circle has minted a significant amount of USDC on the Solana blockchain, boosting stablecoin liquidity. The company’s move comes alongside a public stock sale filing and a strong financial report for its second quarter as a publicly traded company. The $750 million issuance marks an expansion of Circle’s efforts to provide readily available USDC across various blockchains. 10 million shares are being offered in the public offering, following a massive surge in share price since the company went public earlier this year. 90% year-over-year growth in the circulating supply of USDC has been observed, reaching $65.2 billion by August 10th. This growth is attributed to Solana’s high throughput and low transaction costs, positioning it as a compelling option for stablecoin operations. Circle also announced plans for the launch of its ARC network later this year, designed to simplify institutional payments and accounting processes for stablecoins.