Circle minted $750M USDC on Solana, marking a major capital shift from Ethereum and challenging its stablecoin dominance.
Key takeaways
- Circle Issues $750 Million USDC on Solana Amid Ethereum Capital Outflow
- Circle minted $750 million in USDC on Solana—its largest single-day issue on the network to date, and a clear signal that stablecoin capital is crossing the aisle from...
- Just a year ago, Ethereum routinely saw the lion’s share of Circle’s stablecoin mints, often doubling or tripling Solana’s tally. Today, that script is flipping—Circle...
- Why does this matter? Stablecoin minting follows demand. A mint of this size on Solana signals that serious capital—likely from trading desks, exchanges, and DeFi prot...
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Canonical source: https://mlxio.com/crypto/circle-mints-750m-usdc-solana-capital-shift
