Circle Minted $5.5 Billion in USDC on Solana in Just 30 Days

Stablecoin issuer Circle has minted a substantial $5.5 billion worth of USDC on the Solana blockchain within just 30 days. This rapid increase demonstrates the growing popularity of stablecoins and Solana’s rising prominence in DeFi. 🌎🚀 💰
Circle’s activity signifies a significant shift away from Ethereum, as users seek faster and more cost-effective solutions for stablecoin transactions within the decentralized finance ecosystem.
This surge highlights USDC’s increasing acceptance as a reliable dollar-backed asset across various blockchain networks.