Odaily Planet Daily reports: At 01:17 Beijing Time, the USDC Treasury minted 250 million USDC on the Solana network, valued at approximately $250 million. The transaction has been confirmed on-chain, and the newly minted USDC has been transferred to a Circle address.
Circle mints $250M USDC on the Solana network
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Summary
Circle executed a $250 million USDC mint on the Solana network, according to on-chain reports. The transaction was confirmed on-chain, with the newly issued tokens sent to Circle’s wallet. This follows a recent network upgrade that enhanced Solana’s throughput and stability. The minting event represents a significant increase in USDC supply on the chain.
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