The USDC currency reserve issued 85 million new coins on the Solana network today. This step comes to meet the growing demand for stablecoin liquidity within the fast Solana network, which enjoys low transaction costs.

The stablecoin market on Solana is witnessing tremendous growth, as liquidity has more than doubled earlier this year. USDC dominates this landscape, representing over 70% of the total stablecoins issued on the chain, making it the default choice for many decentralized finance (DeFi) applications.

This new issuance is a continuation of Circle's (the issuer of USDC) strategy to enhance the presence of its currency on high-efficiency networks like Solana, providing users and developers with deep and fast liquidity to build upon.$SOL

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