On May 8, Circle minted 250 million USDC on Solana. As of early May, total USDC circulation stands at about 75.3 billion US dollars. Stablecoin minting is often seen as a leading indicator of fresh capital entering the market. Solana's recent rebound in activity including increased MEV DeFi and high-frequency trading may explain Circle's choice of chain. Whether this liquidity expansion translates into buy support for BTC and ETH will be a key trend to watch.


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