Solana

USDC

Coin

<ul class="news-points"> 
 <li><strong>USDC’s volume on the Solana blockchain hit $70 billion since the start of November.</strong></li> 
 <li><strong>The rise in SPL token swaps had a hand in the increase in transaction volume.</strong></li> 
 <li><strong>An entry around $57.72 could favor traders looking to long the cryptocurrency.</strong></li> 
</ul> 
<p>According to Jeremy Allaire, <a href="https://coinedition.com/tag/solana-sol/">Solana’s (SOL)</a> volume involving the USDC stablecoin has reached $850 billion on a Year-To-Date (YTD) basis. Allaire, who is the co-founder and CEO of Circle, the firm in charge of issuing the USDC coin, made this known in a post on X.</p> 
<p>The Circle CEO noted that the transaction volume was impressive especially as $70 billion out of the total took place in November.</p> 
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   <p lang="en" dir="ltr">Really encouraging to see such a strong ecosystem growing for USDC on Solana. ~850B annual run-rate in Tx volume. <a href="https://t.co/rTQhn6fvQF" target="_blank" rel="nofollow">https://t.co/rTQhn6fvQF</a></p>— Jeremy Allaire (@jerallaire) <a href="https://twitter.com/jerallaire/status/1728492106308559314?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">November 25, 2023</a>
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<p>Solana and USDC’s integration goes as far back as 2020. At that time, the goal was to improve adoption using tokens built using the Solana Program Library (SPL). Since then, most swaps on the Solana blockchain have been done using USDC primarily.</p> 
<h2 class="wp-block-heading" id="h-more-tokens-more-volume"><strong>More Tokens, More Volume</strong></h2> 
<p>This year, specifically around September, both projects collabo…</p>
<p>The post <a href="https://coinedition.com/solanas-usdc-volume-hits-850-billion-to-give-sol-a-push/">Solana’s USDC Volume Hits $850 Billion: To Give SOL a Push?</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.</p>

Solana’s USDC Volume Hits $850 Billion: To Give SOL a Push?

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