Circle minted $3.25 billion in USDC on Solana in one week, a new weekly record. Over the past month, cumulative minting has exceeded $10 billion. The total supply of USDC on Solana has now surpassed $18 billion. The network’s total stablecoin supply stands at $165 billion, accounting for more than half of global stablecoins. In February alone, stablecoin trading volume on Solana reached $650 billion, ranking first globally. What these numbers mean: Stablecoins are the most direct indicator of on-chain economic activity. No one would mint $3.25 billion in USDC without real demand—use cases include institutional settlements, DeFi liquidity, cross-border payments, and AI agent transactions. Ironically, when Drift was hacked, Circle took six hours to freeze the $230 million in stolen USDC, drawing criticism from ZachXBT. Yet this did not deter Circle from continuing to mint on Solana. Business logic and security response are two separate matters. @circle @solana @Solana_zh #USDC #Solana #Stablecoin