Circle mints another 250M USDC on Solana, bringing 2025 total to $8B

Circle has minted another 250 million USDC on Solana, pushing its 2025 total issuance to 8 billion USDC as demand for regulated stablecoins grows.

The latest 250 million USDC mint was reported by on-chain analytics firm Spot On Chain in a Feb. 24 tweet. Spot On Chain also revealed that that Circle had added 1 billion USD Coin (USDC) to Solana (SOL) in the past seven days.

In January, Circle minted a total of 6 billion USDC on Solana. An additional 2 billion USDC was minted in February, bringing total issuance in 2025 to 8 billion USDC.

Circle’s USDC supply on Solana has been rising sharply because of the network’s increasing DeFi activity and significant trading volumes. In addition, USDC’s growing supply has been boosted by the regulatory shifts in the stablecoin market, particularly in Europe.

Circle’s compliance with the Markets in Crypto-Assets regulations has led to growing adoption within the European markets. In contrast, non-compliant stablecoins like Tether’s USDT have been delisted by exchanges like Crypto.com and Kraken in the European Union.

Circle, on the other hand, continues to secure several important licenses, such as the Electronic Money Institution license from French authorities. This regulatory benefit is already having an impact. 

While USDT’s circulating supply has grown by 2.5% over the past month, USDC’s has climbed by 16%. The recent developments have contributed to driving USDC’s market capitalization to $57.19 billion, as shown by DefiLlama data.

Circle has been actively growing its ecosystem in addition to issuing stablecoins. In January 2025, it acquired Hashnote, a tokenized real-world asset firm behind the $1.3 billion USYC token, strengthening its position in the growing tokenized treasury market.

Additionally, it launched Paymaster, a tool that lets users to pay gas costs using USDC on Arbitrum and Base, and debuted USDC on Aptos, expanding its reach to 16 blockchain networks.

With Circle’s regulatory stance strengthening and USDC’s role in DeFi growing, the firm is establishing itself as a major player in the dynamic global stablecoin industry.