Circle has issued approximately 3.75 billion USDC on the Solana blockchain over the last seven days. This figure reflects the gross amount of stablecoins minted during the specified period, indicating a notable increase in liquidity within the network.
As of early October, the total volume of native USDC held on the Solana network reached approximately $7.3 billion. This amount accounts for about 10% of the total circulating supply of the USDC stablecoin.
Market participants are currently observing how these minting activities influence the Solana ecosystem. Analysts are also tracking external factors, including potential regulatory decisions regarding spot-SOL ETFs and the implementation of the Alpenglow network upgrade.
