Circle, the company behind USDC, has increased the amount of USDC available on the Solana blockchain. Circle created an additional 250 million USDC on January 25, 2025.
This means that since the start of this year, a total of 5 billion USDC has been released on Solana, as reported by Arkham.
Circle Boosts USDC Growth on Solana’s Fast Blockchain
Solana is seen as a fast and efficient blockchain because it has low fees and settles transactions in about 400 milliseconds. These perks are ideal for applications like high-frequency trading, financial services, consumer payments, and interactive loyalty programs.
The growing popularity of stablecoins in decentralized finance (DeFi) apps and other blockchain activities is shown by the increase in the amount of USDC issued by Circle on Solana.
Working together with Binance in a planned way.
In December 2024, as we stated in our report, Circle and Binance announced a partnership to promote the use of USDC and support the growth of the global digital asset ecosystem.
With this partnership, Binance will increase the availability of USDC for its products and services, allowing around 240 million people worldwide to trade, save, and make payments using USDC.
In order to show a change toward employing digital assets in internal financial operations, Binance will also choose USDC as the main dollar stablecoin for its company treasury.
Circle will provide the technology, funds, and tools needed for Binance users to benefit from the trust and creativity that Circle has built around USDC.
Circle continues to innovate to enhance the value of USDC. One feature is the “Paymaster,” which allows users to pay blockchain transaction fees with USDC instead of the usual coin, like Ether (ETH). This feature improves user experience and could lead to more people accepting USDC in blockchain systems.
By following these rules, Circle aims to boost the acceptance of USDC and strengthen its position in the stablecoin market.
