Circle’s USDC minting created $1 billion in 10 minutes as its peg held
Photo: The Cryptonomist
Circle’s USDC minting accelerated on November 2, 2026, when four transactions created 1 billion USDC in about 10 minutes . Each mint contained 250 million tokens—the same size as the five October issuances on Solana—while USDC maintained its $1 peg. The distinction for market liquidity is that newly minted tokens do not necessarily enter circulation immediately. Key takeaways Circle recorded five 250 million USDC mints on Solana in October 2026. November 2 brought four equally sized mints within roughly 10 minutes. USDC held its dollar peg through the issuance activity. Treasury-held tokens do not immediately add to circulating liquidity.
Source: The Cryptonomist
