Circle reaches weekly issuance of 3.5 billion and issues 1 billion USDC on Solana

The circle reportedly minted another 1 billion. $USDC in Solana on June 16, according to on-chain tracker Lookonchain.

Latest published circle total $USDC Over the past week, mintage on Solana reached 3.5 billion. “Circle Minted Another 1B $USDC today in Solana,” Lookunchain said.

The tracker added that Circle minted 3.5 billion $USDC How Solana has been for the past 7 days. At the time of writing, Circle has not released any other public statements regarding specific mints.

fresh $USDC The issuance increases the amount of dollar-linked liquidity available on Solana. That doesn’t necessarily mean buying it immediately on the crypto market. Stablecoin minting can reflect exchange demand, Treasury rebalancing, payment activity, or preparation for future payment flows.

Solana remains an important stablecoin rail

Solana has become one of the leading networks for stablecoin transfers due to its low fees and fast settlements. $USDC is widely used across trading, DeFi, payments, and cross-border remittance products, which is why large mints are attracting attention from market participants.

the circle says $USDC is a fully reserved stablecoin and can be exchanged 1:1 with USD. The company also says $USDC Supported by dozens of networks, including Solana. This gives users and institutions several routes to move dollar liquidity across on-chain markets.

The latest mint also comes after months of increased attention for the Solana base. $USDC Activities. In previous market reports, $USDC Published on Solana at a time of high demand for transactions and payments. The new weekly totals further strengthen that trend.

Recording HyperEVM transfers adds context

Solana mint has a large number of circles $USDC Via another on-chain venue. As previously reported, Circle moved approximately $4.397 billion $USDC It will be sent to an address linked to Coinbase via HyperEVM.

“Circle just moved $4 billion to Coinbase on HyperEVM,” Arkam said. The analysis firm described this transfer as the largest. $USDC Transactions so far. The move was related to Coinbase’s role as Hyperliquid’s official $USDC Treasury Deployer.

Hyperliquid is $USDC As a core quotation and settlement asset. Large-scale treasury movements can support trading liquidity, collateral needs, and payment flows across active on-chain markets.

Publishing Solana and migrating HyperEVM shows how. $USDC Supply is moving between multiple networks simultaneously. This activity demonstrates the growing demand for stablecoin liquidity across trading venues, payment rails, and blockchain applications.

Mobile post showing payment request

Circle also noted that Movement is part of a broader stablecoin network push. The company said Movement’s Move-powered blockchain ecosystem is designed for low-cost payments, remittances, and financial access.

“With the full support of USDCx, $USDCMovement supports on-chain payments that help modernize cross-border finance,” said Circle.

This statement ties stablecoin issuance to payment use cases that go beyond transactions. USDCx is designed to: $USDC-backed assets within the Movement ecosystem. Its role is to support dollar-linked payments between applications that require low costs and fast transfers.