Circle has minted an additional 250 million USDC on Solana, it will in turn increase its current total issuance of 2025 by a staggering sum of 8 billion USDC as demand for regulated stablecoins continues to rise.
On-chain analytics firm Spot On Chain announced the latest mint in a February 24 tweet post, revealing to the public that Circle added 1 billion USDC into Solana’s ecosystem in the last seven days. This comes after Circle recently minted 6 billion USDC in January followed by a further release of 2 billion USDC in February.
Regulatory Shift is playing a role in USDC Growth
USDC’s growth on Solana is being driven by the booming DeFi sector of the network and increasing trading volumes. However, regulatory shifts are very much playing a large role in USDC growth; a large focus is being placed on regulation in Europe.
Unlike Circle, Tether’s USDT has run into regulatory pushbacks, leading to delisting from some major exchanges, including Crypto.com and Kraken. As a result of this, the USDT is no longer enabled to be used for transactions on these trading platforms.
Meanwhile, Circle has seen stability in its operations allowing it to invest money, focusing on expanding its locations and securing an Electronic Money Institution license in France, reinforcing its legitimacy and presence in the market.
This regulatory advantage is proving valuable, with the fact that USDT supply only grew by 2.5% last month; however, the market capitalization of USDC has soared by an impressive 16%, which has pushed the market cap of USDC to $57.19 billion according to data from DefiLlama.
Circle acquires new Firms with a focus on Expansion
In addition, Circle aims to establish an actively strengthened ecosystem. In January, the company acquired Hashnote a tokenizing real-world assets firm behind the USYC token, valued at US$1.3 billion.
In addition to this, Circle launched Paymaster, a tool that allows users to pay their gas fees using USDC. The company further increases its reach on USDC by expanding its reach to 16 blockchains and has now added its native USDC on Aptos.
With the increase in the value of USDC and the successful regulatory wins held by Circle Coin, the consultancy is making steady progress as the dominant player in the global stablecoin market.
