by: xpoolPosted on:

Circle Mints $500M USDC on Solana, Boosting Stablecoin Liquidity

Circle has taken a significant step forward in expanding stablecoin adoption by minting $500 million worth of USDC (USD Coin) directly on the Solana blockchain. This move is part of Circle’s larger strategy to increase the use of stablecoins across various blockchain platforms, especially those suited for institutional transactions. The issuance is anticipated to boost liquidity pools and encourage DeFi activity on the network. The initiative has also attracted attention from institutions, DEX platforms and investors.

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