- Circle has minted a total of 8 billion USDC on Solana in 2025, reflecting strong demand for regulated stablecoins.
- USDC’s growing supply is driven by increasing DeFi activity on Solana and regulatory advantages in Europe.
- Circle expands its ecosystem with new tools like Paymaster and its acquisition of Hashnote, enhancing its market presence.
Circle has expanded its USDC supply significantly, adding another 250 million USDC on Solana in a move that highlights the growing demand for regulated stablecoins. This mint pushes Circle’s total issuance for 2025 to an impressive 8 billion USDC.
On-chain analytics firm Spot On Chain reported the mint on February 24, noting that Circle’s USDC supply has been rising due to increased decentralized finance (DeFi) activity and growing trading volumes on Solana.
USDC Supply on Solana Reaches New Heights
The latest minting brings the total minted on Solana to 8 billion USDC so far this year. Circle’s minting spree began in January when 6 billion USDC was issued, followed by an additional 2 billion USDC in February. The issue volume on Solana networks has risen because of rising Decentralized Finance activities. The rising demand for regulated stablecoins lets Circle establish itself as a leading service provider in the sector.
The regulatory changes that occurred in Europe directly influenced the acceptance of USDC. The compliance of Circle with EU Markets in Crypto-Assets (MiCA) guidelines enabled the company to get essential licenses such as the Electronic Money Institution authorization from French regulatory bodies. These licenses have given Circle a competitive edge over non-compliant stablecoins like Tether’s USDT, which has been delisted from several European exchanges. As a result, USDC is becoming increasingly popular across European markets.
Circle’s Expansion Across Blockchain Networks
Circle continues to increase its coverage by establishing operations across various blockchain networks. Circle acquired the Hashnote company in January 2025 to reinforce its position in the tokenized treasury market sector.
The Paymaster tool from Circle enables users to pay gas fees using USDC throughout Arbitrum and Base networks. USDC expands its network domain to 16 blockchain ecosystems which secures its standing in the wider cryptocurrency market structure.
The fast-growing circulating supply of USDC showcases the general market expansion in the industry. USDC added 16% more coins to its supply base during the previous month but Tether managed only a 2.5% expansion in its USDT supply.
According to data from DefiLlama the market capitalization of USDC has grown to reach $57.19 billion because of increased supply. Circle has established a prominent position in the crypto space as the company advances its ecosystem development.
DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
