Circle Issues $250 Million in New USDC on Solana

Blockchain data show that Circle, the issuer of the USD Coin stablecoin, created roughly 250 million USDC (about $249.9 million) in a single transaction on the Solana network on 24 June.

The mint, recorded at the USDC Treasury address before being bridged to Solana, expands the supply of the dollar-pegged token available on that blockchain. Circle had not immediately commented on the reason for the issuance or whether the tokens were destined for a particular exchange or institutional customer.

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