According to blockchain tracker Whale Alert, USDC Treasury minted 250 million USDC stablecoins on the Solana network at 23:59 Beijing time (15:59 UTC) on June 5. The minting transaction was executed via a Solana smart contract, adding $250 million worth of new stablecoins to the circulating supply. The associated transaction hash is available via Solana block explorers for verification.
USDC is a dollar-pegged stablecoin issued by Circle, fully backed by cash and short-duration U.S. Treasury securities. It is widely used in decentralized finance (DeFi) and centralized exchanges, with Solana being one of its primary issuance networks alongside Ethereum.
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