Circle and USDC Minting on Solana

Circle has minted another 250 million USDC on Solana, bringing its total issuance in 2025 to 8 billion USDC as demand for regulated stablecoins grows.

The latest 250 million USDC mint was reported by on-chain analytics firm Spot On Chain in a Feb. 24 tweet. Spot On Chain also revealed that Circle had added 1 billion USD Coin (USDC) to Solana (SOL) in the past seven days.

In January, Circle minted a total of 6 billion USDC on Solana. An additional 2 billion USDC was minted in February, bringing total issuance in 2025 to 8 billion USDC.

> Circle just minted another 250M $USDC on Solana!
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> This latest mint brings the 7-day total to 1B $USDC.
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> So far in 2025, Circle has minted 8B $USDC on #Solana—6B in January and 2B in February.
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> Follow @spotonchain for more real-time updates here.

Circle’s USDC supply on Solana has been rising sharply due to the network’s increasing DeFi activity and significant trading volumes. Moreover, USDC’s growing supply has been enhanced by regulatory shifts in the stablecoin market, particularly in Europe.

Regulatory Impact

Circle’s compliance with the Markets in Crypto-Assets regulations has led to growing adoption in European markets. In contrast, non-compliant stablecoins like Tether’s USDT have faced delistings by exchanges like Crypto.com and Kraken in the EU.

Circle continues to secure numerous important licenses, including the Electronic Money Institution license from French authorities, which is already having a positive impact.

While USDT’s circulating supply has grown by 2.5% over the past month, USDC’s has surged by 16%. Recent developments have driven USDC’s market capitalization to $57.19 billion, as showcased by DefiLlama data.

Expanding Ecosystem

In addition to issuing stablecoins, Circle has been actively growing its ecosystem. In January 2025, it acquired Hashnote, a tokenized real-world asset firm behind the $1.3 billion USYC token, thereby strengthening its position in the tokenized treasury market.

Circle also launched Paymaster, allowing users to pay gas costs using USDC on Arbitrum and Base, and debuted USDC on Aptos, expanding its reach to 16 blockchain networks.

With a strengthening regulatory stance and a growing role in DeFi, Circle is establishing itself as a significant player in the dynamic global stablecoin industry.

Read more: Circle CEO pushes Trump to scrap SEC rule hindering banks from holding crypto