Circle has minted an additional 250 million USDC on Solana, bringing its total issuance for 2025 to 8 billion USDC amid growing demand for regulated stablecoins.
On-chain analytics firm Spot On Chain reported the latest 250 million USDC mint in a February 24 post, also noting that Circle had added 1 billion USDC to Solana over the past week.
In January, Circle issued 6 billion USDC on Solana, followed by another 2 billion in February, further solidifying its expansion in the ecosystem.
The rapid growth of USDC on Solana is largely driven by increasing DeFi activity and significant trading volumes. Additionally, regulatory shifts—especially in Europe—have further fueled its adoption.
Circle’s compliance with the Markets in Crypto-Assets (MiCA) regulations has strengthened its position in European markets, while non-compliant stablecoins like Tether’s USDT face delistings from exchanges such as Сrypto.com and Kraken in the EU.
At the same time, Circle continues to secure key regulatory approvals, including an Electronic Money Institution (EMI) license from French authorities, giving it an edge in the evolving stablecoin landscape.
Beyond issuance, Circle has been expanding its ecosystem. It recently launched Paymaster, a tool enabling users to pay gas fees with USDC on Arbitrum and Base, and introduced USDC on Aptos, extending its presence to 16 blockchain networks.
With its regulatory standing strengthening and USDC’s role in DeFi expanding, Circle is positioning itself as a dominant force in the stablecoin market. While USDT’s supply has grown by 2.5% over the past month, USDC’s supply has surged by 16%. These developments have driven USDC’s market capitalization to $57.19 billion, according to DefiLlama data.
Further solidifying its footprint, Circle acquired Hashnote in January 2025—a firm specializing in tokenized real-world assets and managing the $1.3 billion USYC token—strengthening its presence in the tokenized treasury sector.
