Stablecoin issuer Circle has minted approximately $10.19 billion USDC on Solana over the past 30 days.
OnchainLens flagged the development following an additional $550 million issuance in the last 12 hours. Notably, the continued issuance highlights sustained stablecoin liquidity expansion as traders monitor capital positioning across crypto markets.
Circle Mints $550M USDC in 12 Hours
On-chain data show that Circle minted $550 million in USDC on Solana over the past 12 hours, continuing a steady pattern of stablecoin issuance. The transaction adds to a broader trend of large-scale USDC minting observed recently, despite heightened volatility in the crypto market.
Over the past 30 days, Circle has issued approximately $10.19 billion USDC on Solana, one of the largest liquidity expansions recorded this year. The consistent issuance pattern suggests ongoing capital inflows into stablecoins, often viewed as dry powder for potential market deployment.
The $10.19 billion total includes multiple large mint events across recent weeks. For instance, Circle recently hit $3.25 billion in USDC issuance over seven days. That mint event marked the largest weekly stablecoin mint in 2026. That event involved 13 separate $250 million transactions, forming a steady pattern of liquidity creation.
Earlier coverage also documented $750 million USDC minted within 24 hours, along with several $500 million issuance events, reinforcing a consistent trend of elevated stablecoin activity. This broad liquidity expansion highlights sustained demand for USDC liquidity. Market participants often monitor these patterns as stablecoin growth frequently precedes increased trading activity.
Solana Stablecoin Liquidity Builds Amid Renewed Volatility
Solana has increasingly become a preferred network for stablecoin issuance. Its low transaction costs and high throughput make it suitable for large-scale liquidity deployment. Circle ramping up stablecoin issuance on the network reinforces its role as a key stablecoin infrastructure layer.
Meanwhile, these USDC issuances coincide with increased volatility in crypto markets. Bitcoin is currently trading near $69,000, erasing gains from a relief rally that pushed prices above $70,000 yesterday.
Circle Stock Falls 20% as CLARITY Act Excludes Yield on Stablecoin Balances
Additionally, recent on-chain data showed that over $4.8 billion in Bitcoin was accumulated across major exchanges, including Binance, Coinbase, and Kraken. Those acquisitions may indicate where much of this large stablecoin liquidity is going. Additionally, the combination of large Bitcoin accumulation and expanding stablecoin liquidity has strengthened speculation around potential market positioning.
Therefore, traders and investors will continue monitoring where and when stablecoins move. They will closely observe whether the newly minted USDC translates into increased buying activity across digital assets or flows toward decentralized finance platforms.
Evans Kelvin
Temitope Olajide
The CoinRemark Team
