Circle Mints $250 Million USDC on Solana Amid Growing Institutional Demand

Circle has minted an additional $250 million in USDC on the Solana blockchain, highlighting the increasing demand for efficient and cost-effective cross-border payment solutions. This development underscores the growing institutional interest in leveraging blockchain technology for real-time settlement, positioning Circle as a key player in this evolving landscape.

Circle Mint has established itself as a premier onramp for both USDC and EURC stablecoins, available to verified institutional users across specific global regions. The platform facilitates near-instant fiat conversion with transparent pricing and minimal costs, allowing eligible customers to convert dollars and euros directly into USDC and EURC, which can be redeemed 1:1 at any time.

In addition to stablecoin minting, Circle Mint offers a robust foreign exchange (FX) service. This feature enables near-instant euro-to-USDC conversion with highly competitive rates, typically inaccessible to fintech startups and payment service providers (PSPs) in the European Economic Area. The service operates 24/7, allowing institutions to bypass traditional banking channels and quickly convert euros into USDC and EURC, thereby enhancing liquidity and streamlining cross-border settlements.

Corporate treasuries also stand to benefit significantly from this service. They gain better control over liquidity and reduce their dependence on expensive credit lines, thanks to Circle Mint's efficient and reliable euro-to-USDC flows.

Ivy has integrated USDC and EURC into its instant payments system, enabling stablecoin settlements directly through a powerful API. This integration supports real-time minting and burning of USDC and EURC without intermediaries, allowing PSPs and e-commerce platforms across Europe to automate their settlement processes. The system converts fiat into stablecoins instantly, settling payments without delays and helping users maintain liquidity, reduce transaction costs, and settle payments faster than ever. This advancement marks a significant step toward mainstream stablecoin adoption in Europe.