Circle boosts USDC Supply on Solana, Reaching 8 Billion in 2025
Circle has minted an additional 250 million USDC on Solana, bringing its total issuance for 2025 to 8 billion USDC. This move reflects the growing demand for regulated stablecoins.
On-chain analytics firm Spot On Chain reported this latest mint on February 24. the firm also noted that Circle added 1 billion USDC to Solana in the past week. In January, Circle minted 6 billion USDC on Solana, followed by 2 billion more in February.
The rise in USDC supply on Solana is driven by the network’s increasing DeFi activity and trading volumes.Regulatory shifts, especially in Europe, have also boosted USDC’s growth. Circle’s compliance with the Markets in Crypto-Assets regulations has led to greater adoption in European markets.
Unlike non-compliant stablecoins like Tether’s USDT, which have been delisted by exchanges in the EU, Circle continues to secure critically important licenses. For instance, it obtained the Electronic Money Institution license from French authorities.
USDC’s market capitalization has reached $57.19 billion, according to DefiLlama data. Over the past month, USDC’s supply has climbed by 16%, compared to USDT’s 2.5% growth.
Circle is expanding its ecosystem. In January, it acquired Hashnote, a tokenized real-world asset firm. It also launched Paymaster, a tool for paying gas costs with USDC on Arbitrum and Base, and debuted USDC on Aptos, expanding its reach to 16 blockchain networks.
With its strong regulatory stance and growing role in DeFi, Circle is solidifying its position as a major player in the global stablecoin industry.
