Circle issues large-scale additional USDC on the Solana network

Source
Heecheol Yang

Summary

  • Circle announced it has issued an additional $250 million worth of USDC on the Solana (SOL) network.
  • This issuance is expected to expand the USDC circulation within the Solana network.
  • Currently, the amount of USDC issued on the Solana network accounts for 12.11% of the total USDC circulation.
Source=CointelegraphX
Source=CointelegraphX

Circle has issued a substantial amount of USDC on the Solana (SOL) network.

According to Cointelegraph on the 24th (local time), Circle recently issued an additional $250 million (USD) worth of USDC on the Solana network.

With this issuance, the circulation of USDC within the Solana network is expected to further expand. The current total circulation of USDC is about $61,733,540,000. Of this amount, $7.46 billion has been issued on the Solana network, accounting for 12.11% of the total.

Heecheol Yang

Heecheol Yang

heecheol@bloomingbit.ioHello, I'm a reporter at bloomingbit
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