Circle Mints 500 Million USDC on Solana in Two Transactions 12 Minutes Apart

Circle minted 500 million USD Coin (USDC) on Solana in two completed transactions 12 minutes apart, creating about $500 million in dollar-linked tokens on the network. Each transaction involved 250 million USDC, and both completed successfully. The combined amount reflects two equal mints rather than one transaction of 500 million tokens. The records establish the amount created, but they do not show where the tokens went after the mints. Minting does not, on its own, establish that the entire amount entered circulation or reached trading venues. The completed transactions therefore do not establish how the tokens were used afterward.

Source: TokenPost