Circle Pumps $750 Million USDC onto Solana, Fueling DeFi Growth

Circle just minted a record-breaking $750 million worth of USDC on the Solana blockchain. This move has significantly boosted Solana’s decentralized finance (DeFi) ecosystem, leading to increased liquidity and activity in its native protocols. Analysts attribute this surge to growing interest in DeFi applications within the Solana network. 750 million USD was quickly minted as a single-day action, signifying substantial market demand for USDC on Solana.