In 2025, Circle, the issuer behind the USDC stablecoin, has been making significant pushes to get the USDC token deployed across different blockchain ecosystems. The most recent and notable development has been Circle minting $250 million worth of USDC on Solana in the last few weeks. This has been part of a much more extensive movement, with Circle this year minting $7 billion worth of USDC on the Solana blockchain. Circle’s recent minting activity has coincided with an 8% price surge in the Solana (SOL) token, as well as a meaningful uptick in the price of USDC itself. In fact,
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