Solana News Today: USDC Expands on Solana with $500 Million Mint as Circulation Hits $65.2 Billion

The USDC Treasury has minted an additional 500 million USDC on the Solana blockchain, marking a significant step in the stablecoin’s strategic expansion across multiple blockchain networks [1]. This action involved two separate transactions, each minting 250 million USDC, and follows similar recent activity on the Ethereum network, where the Treasury has also issued USDC in multiple increments [2]. The move highlights the increasing importance of the Solana network in supporting USDC’s infrastructure and liquidity needs.

As of August 10, 2025, the total value of USDC in circulation reached $65.2 billion, representing a year-over-year increase of 90% and a 6.4% rise since the beginning of the quarter [3]. This growth is attributed to a combination of strategic initiatives, including new product launches, key partnerships, and a successful initial public offering in June 2025. The expansion of USDC on Solana aligns with these broader trends, aiming to meet rising demand for a stablecoin that can operate efficiently across high-performance blockchain environments.

Circle, the company behind USDC, has introduced several new infrastructure initiatives to support the growing use of stablecoins. These include the Circle Payments Network and the Arc blockchain, a platform optimized for stablecoin-based financial applications. Such developments are expected to enhance USDC’s utility and integration in both traditional and decentralized financial systems.

The choice of Solana for this recent minting may also reflect a strategic decision to leverage the network’s low transaction costs and fast settlement times, which are particularly advantageous for real-time payments and cross-border transactions. Analysts have noted that expanding USDC’s presence across multiple chains strengthens its role as a bridge between traditional finance and the digital asset ecosystem [3].

Financial results for the second quarter of 2025 also demonstrate strong performance, with total revenue and reserve income rising 53% year-over-year to $658 million. Despite a net loss of $482 million, largely due to non-cash charges related to the IPO, Adjusted EBITDA increased by 52% to $126 million. This underscores the company’s scalability and the continued demand for stablecoins in global markets [3].

The recent Solana minting events suggest a broader push by Circle to reinforce USDC’s role in facilitating global payments, institutional transactions, and decentralized finance. These actions signal a commitment to building the infrastructure necessary for the next-generation financial system.

Source:

[1] title: USDC Treasury Mints $500 Million on Solana Blockchain (url: https://www.binance.com/en/square/post/282139****1314)

[2] title: Important News from Last Night and This Morning (August ... (url: https://www.panewslab.com/en/articles/f38da15c-0898-440f-b7e3-f032c2783535)

[3] title: Circle Reports Second Quarter 2025 Results (url: https://investor.circle.com)