14-8-2025 – Circle, the issuer of the USDC stablecoin, has minted $5.5 billion in USDC on the Solana blockchain over the past month, according to on-chain analytics firm Lookonchain. This surge in issuance reflects a significant influx of new capital into the cryptocurrency market, underscoring Solana’s growing role in decentralized finance (DeFi).
The substantial minting activity, often in increments of $250 million, highlights increasing demand for USDC as a stable, dollar-pegged asset for trading and DeFi applications. Analysts note that newly minted USDC often serves as a catalyst for price increases in major cryptocurrencies like Ethereum (ETH), as fresh liquidity fuels market activity. Solana’s high-speed, low-cost transactions make it an ideal platform for such large-scale stablecoin operations, strengthening its position in the crypto ecosystem.
Want to know where the price of $ETH is heading? Watch the $USDC mints.
In the past month, #Circle minted 5.5B $USDC on #Solana!
Freshly minted $USDC means new money is flooding the market, a powerful catalyst for a higher price of major assets like $ETH.… pic.twitter.com/HfXa3pQyYk
— Lookonchain (@lookonchain) August 14, 2025
Circle’s aggressive issuance aligns with broader market trends, including growing institutional interest and regulatory clarity for compliant stablecoins. The firm’s recent moves, such as its compliance with Europe’s MiCA framework, have bolstered USDC’s market share, with its total market capitalization now at $57.19 billion, per DeFiLlama data. This minting spree suggests confidence in Solana’s infrastructure and USDC’s role in global digital finance.
