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Major moves in the Solana ecosystem stablecoin: Circle issued 500 million USDC in one month, with a total exceeding 18 billion in March.
[Block Rhythm] The Solana network has recently seen a wave of stablecoin activity. On December 22, an on-chain data tracking service detected that Circle issued an additional 500 million USDC on Solana.
What signal does this number reveal? Since mid-October, in just over two months, Circle has minted a total of 18 billion USD in USDC on the Solana network. What does this indicate? It indicates that the demand for stablecoins in the Solana ecosystem is continuously increasing, whether it is for DeFi lending, trading, or cross-chain liquidity needs, all of which are driving the expansion of stablecoin supply.
USCC, as a dollar-pegged stablecoin issued by Circle, is becoming increasingly important in the Solana ecosystem. The frequent issuance reflects the strong demand for liquidity and counterparties in the market. This trend is worth paying attention to.