2024

Solana

USDC

Spot

<ul class="wp-block-list cnl-post-highlights-list">
 <li>Circle's recent $250M USDC minting boosts Solana's stablecoin supply, marking $6B in USDC minted in 2025.&nbsp;&nbsp;</li>  
 <li>The total stablecoin supply on Solana reached $11.1B in January, growing 112% as demand surged.&nbsp;&nbsp;</li>  
 <li>USDC maintains a 77% market share of Solana's stablecoin ecosystem, highlighting its dominance in the blockchain.&nbsp;&nbsp;</li> 
</ul>  
Circle, the issuer of the USDC stablecoin, minted an additional $250 million USDC on Solana just hours ago, according to <a href="https://x.com/spotonchain/status/1885491521774117274" target="_blank" rel="noopener noreferrer nofollow">Spot On Chain data</a>. This latest minting brings the total amount of USDC minted on Solana in 2025 to a remarkable $6 billion. The crypto market received $1.25 billion worth of capital in the preceding week which accounted for one-quarter of the new supply.&nbsp;  
The rising demand for stablecoins displays itself through minting activities that primarily take place within the<a href="https://cryptonewsland.com/tequila-token-to-launch-on-solana-blockchain-at-1700-utc-on-july-30-2024/" target="_blank" rel="noopener noreferrer nofollow"> Solana blockchain</a>. The stablecoin supply on Solana reached a new historical high of $11.1 billion throughout January after experiencing a 112% growth. Stablecoins prove to be essential for the current market trends because the crypto space receives momentum from positive market attitudes.&nbsp;  
<h2 class="wp-block-heading" id="usdc-maintains-dominance-on-solana">USDC Maintains Dominance on Solana&nbsp;</h2>  
The stablecoin market on Solana remains firmly dominated by USDC where this digital currency represents 77% of the entire stablecoin supply. USDC maintains its market leadership on the Solana network because it serves as the main network asset for enabling transaction processing and liquidity provision throughout decentralized applications.&nbsp;  
Solana has demonstrated effective market performance since the market crash in November 2022 although it experienced price instability during this period. Before its downward trend, SOL achieved its highest point ever at $299 during mid-January. Solana maintains large-scale financial worth with its present market capitalization at $111 billion.&nbsp;  
In 2024 the stablecoin market expanded through a 57% increase in its total capitalization from $130 billion to $204 billion. During January 2025 the stablecoin market capitalization rose 5.68 percent to reach $223 billion. The leading stablecoin<a href="https://cryptonewsland.com/what-does-rlusds-launch-mean-for-the-crypto-market/" target="_blank" rel="noopener noreferrer nofollow"> Tether (USDT)</a> achieved its highest market valuation ever at $140 billion which demonstrates stablecoin importance within the crypto ecosystem.

Circle Mints $250M USDC on Solana, Bringing Total to $6B in 2025

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