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Circle mints fourth US$250 million USDC on Solana in two days

2026-07-24 12:15:39
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Circle completed four 250 million USDC casts on Solana in two days

It is reported that the total circulation of USDC on Solana in 2026 has reached US$72.01 billion. The newly minted USDC expands available liquidity, but does not directly confirm market demand.

Circle has launched another 250 million USDC on Solana, continuing its rapid release momentum on this network. Onchain Lens reported that the deal was the fourth similar size foundry completed by Circle in two days.

These four transactions bring total issuance during the period to 1 billion USDC, while also pushing the cumulative total issuance of USDC on Solana to US$72.01 billion in 2026. The latest transfer came from an account publicly marked as Circle.

USDC circulation on Solana exceeded US$72.01 billion.

Circle cast 250 million USDC in four batches in two days. The latest transaction follows a casting that will increase cumulative issuance in 2026 to 71.01 billion USDC. Source: Onchain Lens

The latest release pushes this number to US$72.01 billion. However, this amount represents total foundry activity rather than current circulating supply on Solana.

When customers redeem USDC in exchange for U.S. dollars, Circle can destroy the corresponding number of USDC. The company may also transfer liquidity between different blockchain networks based on demand. Solscan marked the address associated with the transaction as a Circle account. The blockchain browser provides public records of token creation, transfer and related wallet activities.

Circle Foundry expands available liquidity in Solana

The new USDC issuance can provide liquidity support for exchanges, payment platforms, and decentralized financial applications. Solana's low fees and fast settlement make the network ideal for frequent stablecoin transfers.

However, these mints do not prove that an additional US$1 billion was immediately entering the crypto market. Circle may keep newly created tokens in the treasury wallet until customers or institutional partners request distribution.

The latest event has previously been reported that Circle is releasing USDC on Solana. Blockchain tracking tool Lookonchain previously reported that Circle forged another 1 billion USDC, bringing its weekly circulation to 3.5 billion USDC at that time.

According to recent reports, Circle continues to expand its stablecoin infrastructure. The company recently signed separate agreements with South Korea's Kakao Group and Toss. These collaborations will explore blockchain payment channels, digital asset connectivity, programmable payments, and cross-border settlements. These agreements are still in the exploratory stage and have not yet confirmed the launch of any consumer-oriented products or Korean stablecoins.

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