Circle mints 1B USDC on Solana as 2026 total reaches $64.25B
Circle just printed another billion USDC on Solana. That brings the total USDC minted on the network in 2026 to a staggering $64.25B, a number that would have sounded absurd even a year ago.
The minting machine that won’t stop
The latest $1B mint, recorded on or around June 16, pushed weekly USDC issuance on Solana to $3.5B. That’s up from a weekly figure of $3.25B back in early April, which itself felt like a breakneck pace at the time.
By mid-June, cumulative gross USDC minting on Solana had already hit roughly $57B. The jump from $57B to $64.25B in what appears to be a matter of days illustrates just how rapidly Circle has been feeding stablecoin supply into the network.
Look at the individual mints from earlier this year for context. Late March saw a $750M issuance. Mid-March and late April each brought $500M mints. Now billion-dollar prints barely register as headline-worthy. The scale has shifted dramatically.
On-chain tracking from firms like Lookonchain and Arkham has confirmed multiple instances of single-day issuances exceeding $1B throughout 2026.
Why Solana keeps winning the stablecoin race
Earlier reports indicated that Solana’s share of total USDC supply approached 10%. That figure has likely grown given the sustained minting activity, though the exact current percentage depends on net circulation rather than gross issuance.
Circle maintains dedicated infrastructure for USDC on Solana, including a public SPL token address and specialized mint accounts. Through its Circle Mint service, institutions can mint and redeem USDC at a 1:1 ratio with US dollars directly on the network.
What this means for investors
Investors should also consider the difference between gross minting and net circulation. The $64.25B figure represents total USDC minted on Solana in 2026, not the current circulating supply. Redemptions, where users convert USDC back to fiat, reduce net supply. The gross number captures demand intensity, but net supply is the metric that actually determines available liquidity on the network.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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