Moreover, Solana has been unable to break this downtrend despite seeing over $9.5 billion worth of newly minted USDC (USDC) stablecoins since Jan. 1, 2025, according to crypto intelligence ...

One of the drivers of USDC expansion is the Solana network, which received additional liquidity. The Solana chain carries more than $5.9B in stablecoin liquidity, of which more than $4.77B in USDC.

The majority of this growth has been driven by the issuance of Circle's USDC on the Solana network. On-chain data reveals that Circle has minted approximately $6 billion worth of USDC on Solana ...