Circle Mints Another 250 Million USDC on Solana, Pushing Its 2025 Total Issuance to 8 Billion USDC

Circle's USDC supply on Solana has been rising sharply because of the network's increasing DeFi activity and significant trading volumes.

Stablecoin issuer Circle has minted another 250 million units of USD Coin (USDC) on Solana, bringing the total issuance in 2025 to 8 billion USDC.

The latest 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’s USDC supply on Solana has been rising sharply due to the network’s increasing DeFi activity and substantial trading volumes. Moreover, USDC’s growing supply is being fueled by the regulatory shifts in the stablecoin market, especially in Europe.

Circle’s adherence to the Markets in Crypto-Assets regulations has led to growing adoption within the European markets. In contrast, non-compliant stablecoins such as Tether’s USDT are being delisted by exchanges like Crypto.com and Kraken in the European Union.

On the other hand, Circle continues to secure several important licenses, like the Electronic Money Institution license from French authorities. This regulatory advantage is already showing its effects.

While USDT’s circulating supply has increased by 2.5% in the last month, USDC’s has surged by 16%. These developments have helped propel USDC’s market capitalization to $57.19 billion, according to data from DefiLlama.

Besides issuing stablecoins, Circle is also actively expanding its ecosystem. In January 2025, the company acquired Hashnote, a tokenized real-world asset firm behind the $1.3 billion USYC token, bolstering its presence in the burgeoning tokenized treasury market.

It also launched Paymaster, a tool that enables users to pay gas fees using USDC on Arbitrum and Base, and introduced USDC on Aptos, bringing its presence to 16 blockchain networks.

With Circle’s regulatory position strengthening and USDC’s role in DeFi continuing to grow, the company is positioning itself as a major player in the evolving global stablecoin landscape.