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Stablecoin Supply on Solana Surges to $11.8 Billion with 130% Increase YTD as Circle Mints $250 Million USDC

The supply of stablecoins on the Solana blockchain has surged by 130% year-to-date
By: DeepNewz • March 13, 2025
Stablecoin Supply on Solana Surges to $11.8 Billion with 130% Increase YTD as Circle Mints $250 Million USDC

The supply of stablecoins on the Solana blockchain has surged by 130% year-to-date, increasing from $5 billion to $11.8 billion. The rise is primarily driven by the USDC stablecoin, which accounts for $9.2 billion of this total, representing 92% of stablecoins on Solana.

In a recent development, Circle has minted an additional $250 million in USDC on Solana, bringing the total minted since January 1, 2025, to $10 billion. Additionally, the overall supply of USDC has increased by 32% year-to-date, reaching $58 billion.

This is an AI-generated article powered by DeepNewz, curated by The Defiant. For more information, including article sources, visit DeepNewz.

Solana

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