Circle Mints Additional $250M USDC on Solana, Reaching $8B Total in 2025

Circle has made another significant move in the stablecoin market, minting an additional 250 million USDC on the Solana blockchain, bringing the total USDC issuance in 2025 to a remarkable 8 billion USDC. This minting surge is part of Circle’s broader strategy to meet growing demand for regulated stablecoins across the crypto industry.

The latest mint, reported by on-chain analytics firm Spot On Chain on February 24, highlights Circle’s commitment to expanding its stablecoin supply. Over the past week alone, Circle added 1 billion USDC to the Solana network, following a pattern of rapid expansion in the stablecoin’s issuance. Earlier in the year, Circle minted 6 billion USDC on Solana in January, followed by an additional 2 billion USDC in February. The substantial minting activity aligns with Solana’s increasing decentralized finance (DeFi) activity and its expanding trading volumes.

The rise in USDC supply on Solana is also tied to Circle’s compliance with the European Union’s Markets in Crypto-Assets (MiCA) regulations, which has contributed to its growing adoption in European markets. This regulatory clarity stands in contrast to the challenges faced by non-compliant stablecoins like Tether’s USDT, which has been delisted by major exchanges such as Crypto.com and Kraken within the EU. Circle, by securing important licenses like the Electronic Money Institution license from French authorities, has positioned itself favorably for continued growth.

The market has responded positively, with USDC’s circulating supply climbing by 16% over the past month, while Tether’s USDT supply grew by just 2.5%. As a result, USDC’s market capitalization now stands at $57.19 billion, according to DefiLlama data. This growth reflects the increasing reliance on USDC as a regulated stablecoin in both DeFi and broader cryptocurrency markets.

In addition to expanding its stablecoin issuance, Circle is actively strengthening its ecosystem. In January 2025, Circle acquired Hashnote, a tokenized real-world asset firm, bolstering its presence in the tokenized treasury market. Circle also launched Paymaster, a service that enables users to pay transaction fees using USDC on networks like Arbitrum and Base. Furthermore, it debuted USDC on the Aptos blockchain, bringing its total blockchain reach to 16 networks.

With these strategic developments and regulatory advantages, Circle is solidifying its role as a key player in the growing global stablecoin industry, capitalizing on the increasing adoption of USDC in both traditional and decentralized finance.