Circle Internet Financial minted $500 million of USD Coin on the Solana blockchain on Monday, December 8, 2025, continuing a sustained run of large-scale stablecoin issuance on the network.
On-Chain Breakdown of the $500 Million Mint
The issuance was executed in two separate transactions, each valued at $250 million. According to blockchain data monitored by Whale Alert, Lookonchain, and other service providers, the newly minted tokens were transferred to Circle’s officially recognized treasury wallet addresses on Solana. These mints occurred shortly after 15:00 UTC, corresponding to 23:00 Beijing time.
Real-time data indicates that the total USDC issued on Solana since the market correction on October 11 has now reached $15.03 billion. In the past seven days alone, $2.25 billion was minted.
This $500 million issuance is fully traceable on Solana block explorers and aligns with entries in Circle’s public transparency reports. The transfers follow Circle’s standard treasury practice of meeting chain-specific demand before wider distribution.
Market and Solana DEX Reactions
Following the mint event, USDC trading volume surged significantly. As of December 8, 2025, the 24-hour volume reached $11.94 billion, representing a 77.85% increase. The circulating supply stood at $78.22 billion, according to on-chain data from CoinMarketCap.
Within the Solana ecosystem, decentralized exchanges such as Jupiter, Raydium, Orca, and Phoenix experienced an immediate increase in liquidity for the USDC pair. Order-book depth rose by 15% to 25% within hours of the mint, as indicated by metrics from DexScreener and Birdeye.
The mint activity on December 8, 2025, is consistent with the broader trend observed since early October, where Circle and Tether have collectively created over $20 billion in new stablecoin supply across all supported blockchains. This pace of issuance suggests renewed institutional and retail inflows following the autumn market downturn.
For Solana, these repeated large-scale deployments continue to reinforce its position as a primary destination for regulated dollar-pegged assets. This is further supported by the network’s high throughput and low transaction costs when compared to rival layer-1 chains.