- Circle minted 250M USDC on Solana as stablecoin supply hits $236B record.
- Solana’s low fees and speed drive rising stablecoin use and institutional mints.
- April saw $2.75B stablecoins minted on Solana, signaling fresh liquidity flows.
Circle has minted 250 million USDC on the Solana blockchain in a confirmed transaction executed on April 24, 2025. The issuance coincides with Solana’s stablecoin market reaching a record $236 billion in total supply, reflecting heightened demand for on-chain liquidity.
Transaction Finalized With Full Confirmations
In a post by SolanaFloor, the transaction was finalized at 13:00:06 UTC and marked with MAX Confirmations for validation. It involved a MintTo instruction through the Solana Token Program and was linked to Circle’s known wallet address. Blockchain records show a direct mint of 250,000,000 USDC to this address as part of an institutional issuance.
The process utilized Solana’s Summary Mode to provide concise transaction data, bypassing legacy views. The mint instruction was directed to wallet Cf4s35LcAf9YC7wpdXTSxFg3i3GrvSYMavCVVefw3jd, executed by authority 42XHrxUX5skic589HER817BWiJ5xvhJurrFVKjYCPwnb. The transaction hash is 335592576, according to SolanaFloor.
Solana Stablecoin Liquidity Hits All-Time High
Circle’s USDC issuance is part of a broader rise in Solana-based stablecoins. According to a report by Solscan, April alone saw $1.75 billion in USDC minted on Solana, alongside $1 billion in Tether (USDT). The total Solana stablecoin market cap has now reached $12.8 billion.
This activity comes despite Solana’s native token trading 50% below its historical peak. The 250 million USDC mint is the latest in a series of strategic liquidity moves aimed at expanding DeFi, exchange activity, and cross-border settlement capabilities.
Institutional Implications and Market Expectations
Stablecoin mints of this magnitude often precede exchange deployments, institutional inflows, or broader market volatility. Solana’s low-cost, high-speed infrastructure has made it a preferred network for rapid, scalable, stablecoin distribution.
Besides improving settlement speed, these mints serve DeFi protocols, trading desks, and remittance services. The transparency of on-chain data allows real-time monitoring of movements like this, which many traders view as forward indicators of liquidity shifts.
The full transaction is available on Solscan and confirms the growing role of Solana as a base layer for U.S. dollar-pegged stablecoins. Institutions continue leveraging their infrastructure for global-scale financial operations tied to digital dollars.
