US -based payment and financial technology company CircleFinally, 250 million USDCs on the Network of Altcoin Solana (left). This coin printing, reported by Blockchain Data Platform onchain Lens, was realized towards the first hours of the day. 250 million newly printed USDCa total of $ 250 million corresponds to a value. This printing is the continuation of Circle’s USDC editions on solana during the year. With this last move, the amount of USDC that Circle stepped on the Solana network in the last 30 days increased to 2.5 billion units, and the USDC amount has been pressed since the beginning of the year to 10.75 billion units.
USDC supply increases rapidly in the Solana network
Solana Blockchain is very popular among crypto currency investors with high trading speed and low trading costs. The biggest reasons for Circle to focus on Solana in USDC production are advantages. USDC Solana The increase in the supply on it directly affects the transaction volume in the network and increases the number of users. Particularly with the widespread use of USDC on the Solana, which is preferred by decentralized finance (defi) protocols, serious increases in the number of active projects on Blockchain are observed.
The Solana network has been among the rapidly growing crypto currency projects in recent years, and the more frequent production of a fixed valuable Altcoin, such as USDC, increases the reliability and charm of the ecosystem. This raises the interest of investors and developers to the network. The increase in the amount of USDC on solana is that the network Crypto Money Market It supports its growth in the long run by strengthening its share in it.
Circle’s USDC strategy and effects
Circle, increasing USDC production stablecoin aims to strengthen its position in its market. The USDC is preferred by crypto currency investors as a stablecoin fixed to USD 1: 1. The widespread USDC increases Circle’s efficiency and brand value in the market. In this way, Circle reaches a stronger position in the crypto money market and expands its financial transactions on a global scale.
The increase in the USDC supply on the solana also activates competition in the Stablecoin market. Especially Tether The USDC, which compete with other popular stablecoins (USDT), aims to achieve a greater share in the market thanks to the increase in production on Solana. The increase in the popularity of stablecoins, which offers the opportunities of safe and stable transactions to investors, is very valuable in terms of withdrawing liquidity to the crypto currency market.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
