Circle minted 500 million USDC on the Solana blockchain in July, with the issuance split into two 250 million tranches, according to Techub, citing CryptoBriefing. The move continues a broader shift in USDC supply from Ethereum and other chains toward Solana. Circle has been increasing its mint allocation on Solana throughout the year, and by mid-July the network’s cumulative USDC issuance had exceeded $66 billion. On-chain monitoring also showed that Solana’s share of global USDC supply had climbed past 10% at its 2026 peak. The latest mint adds to signs that stablecoin liquidity has kept moving onto Solana as Circle expands distribution on the network.
Circle minted 500 million USDC on Solana in July, split into two $250 million tranches, Techub reported, citing CryptoBriefing. The issuance extends an ongoing shift in USDC supply from Ethereum and other blockchains to Solana.
Circle has kept increasing its mint allocation on Solana this year. As of mid-July, cumulative USDC issuance on the Solana network had surpassed $66 billion.
On-chain monitoring showed that Solana’s share of global USDC supply rose above 10% at its 2026 peak.
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