Big moves on the Solana chain.
Checked the on-chain data, and Circle just minted 250 million USDC in two batches, totaling 500 million (around 500 million USD), all on the Solana chain.
To be honest, with such a massive minting volume, it’s either anticipating chain demand or gearing up for some major event. The reserves of USDC on Solana have been consistently rising, and this move by Circle is pretty telling.
......But having 500 million USDC just sitting in the pool has to lead somewhere, right?
$SOL $USDC $CRCL
Checked the on-chain data, and Circle just minted 250 million USDC in two batches, totaling 500 million (around 500 million USD), all on the Solana chain.
To be honest, with such a massive minting volume, it’s either anticipating chain demand or gearing up for some major event. The reserves of USDC on Solana have been consistently rising, and this move by Circle is pretty telling.
......But having 500 million USDC just sitting in the pool has to lead somewhere, right?
$SOL $USDC $CRCL