Circle has minted $1 billion in USDC on the Solana blockchain as of October 1, 2025, increasing the total USDC minted on the network in the past month to $7.25 billion. This significant minting activity underscores the rising demand for stablecoins and the growing prominence of Solana's DeFi ecosystem, which benefits from the blockchain's fast transaction speeds and low fees. Solana is solidifying its position as a major hub for stablecoins, trailing only behind Ethereum.
Circle Mints $1 Billion in USDC on Solana, Total Reaches $7.25 Billion
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