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Storyline

USDC migrates to Solana

Circle is rapidly shifting USDC liquidity from Ethereum to Solana through increasingly large minting events.

3 entriesTue, Jun 30 – Tue, Jul 28Alts

Timeline

  1. Tue, Jul 28Latest

    Circle Mints $500 Million USDC on Solana as Stablecoin Liquidity Migration Accelerates

    Circle minted $500M USDC on Solana in two $250M tranches while burning supply on Ethereum, continuing a 2026 migration pattern. This trend has reportedly pushed Solana briefly above 10% of global USDC supply — a demand-driven signal of where stablecoin rail activity is consolidating.

  2. Wed, Jul 1

    USDC Treasury Mints 1 Billion USDC on Solana in Under 20 Minutes

    Circle's USDC treasury minted 1 billion USDC on Solana in approximately 20 minutes, continuing the pattern of large-scale cross-chain stablecoin issuance activity on the network.

  3. Tue, Jun 30

    Circle Burns $250M USDC on Ethereum, Issues $910M on Solana in Cross-Chain Rebalance

    Circle burned $250 million USDC on Ethereum while simultaneously issuing $910 million USDC on Solana, reflecting a large cross-chain rebalancing of stablecoin supply between the two networks.