USDC Treasury Mints $1.25 Billion on Solana in 24 Hours as Stablecoin Demand Skyrockets
The USDC Treasury has minted a staggering 1.25 billion new USDC tokens on the Solana network in the past 24 hours, according to on-chain data.
The large issuance marks one of the biggest single-day USDC minting events on Solana this year, reflecting growing demand for stablecoin liquidity across decentralized finance (DeFi), payment networks, and institutional settlement rails built on Solana.
Solana’s Stablecoin Ecosystem Is Expanding Rapidly
The mint comes amid a wave of renewed activity on Solana (SOL), which has seen stablecoin circulation and DeFi total value locked (TVL) soar to multi-month highs.
According to data from DeFiLlama, Solana now hosts over $15 billion in stablecoins, second only to Ethereum. USDC, in particular, remains the dominant dollar-backed asset on the chain, accounting for nearly 60% of total stablecoin liquidity.
This surge in minting likely supports the growing ecosystem of Solana-based protocols, including DEXs, yield platforms, and institutional DeFi solutions integrating USDC for instant, low-cost settlements.
Institutional and Payment Demand Drive the Mint
The latest minting event aligns with rising institutional interest in Solana’s high-speed blockchain. Payment processors, DeFi protocols, and cross-border settlement platforms have increasingly adopted USDC on Solana due to its low transaction fees (fractions of a cent) and sub-second confirmation times.
Circle, the issuer of USDC, has repeatedly highlighted Solana’s performance advantage for real-world financial use cases such as:
- Global payments and remittances
- Institutional DeFi and RWA tokenization
- Cross-chain settlements and merchant payments
“We’re seeing enterprise-grade adoption on Solana, powered by the scalability and efficiency required for institutional stablecoin applications,”
said Jeremy Allaire, CEO of Circle, in a recent statement.
What the $1.25B Mint Means for Crypto Markets
A mint of this size usually indicates that fresh USDC demand is entering the market, rather than inflationary issuance. In most cases, Circle mints USDC when users deposit equivalent U.S. dollars — meaning this reflects new capital flowing into the crypto ecosystem.
Analysts suggest that the surge could be linked to:
- Upcoming Solana ETF speculation driving network inflows.
- Liquidity provisioning for new DeFi products launching in Q4.
- Institutional hedging amid macroeconomic uncertainty and Bitcoin volatility.
If confirmed, this mint would represent a bullish liquidity signal for the broader crypto market, potentially supporting ETH, SOL, and DeFi token performance through increased trading depth and on-chain cash availability.
Solana Strengthens Position in the Stablecoin Wars
Solana continues to establish itself as a leading settlement layer for stablecoins, challenging Ethereum’s long-standing dominance.
Recent reports from Circle indicate that over 40% of new USDC transactions are now processed on non-Ethereum networks, with Solana leading the pack thanks to its speed and cost efficiency.
With more than $1.25 billion minted in 24 hours, Solana’s role as a stablecoin superhighway appears stronger than ever, further legitimizing its growing importance in crypto’s financial infrastructure.
Outlook: Stablecoin Liquidity Points to DeFi Resurgence
The flood of new USDC suggests that DeFi activity is ramping up ahead of the year’s end.
As Solana continues to attract institutional liquidity, tokenized asset projects, and high-volume trading platforms, analysts expect stablecoin supply to remain a key leading indicator for on-chain growth in Q4 2025 and beyond.
If this trend continues, Solana could soon rival Ethereum not just in user activity — but in total dollar value moving across its blockchain.
