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USDC Treasury Mints 250 Million USDC on Solana on Oct. 23

The MintTo transaction was confirmed at 5:21 p.m. ET (21:21 UTC) and valued at about $250 million.

By Enna Lee
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An unmarked silver token sits beneath a steel minting die / TokenPost.ai
An unmarked silver token sits beneath a steel minting die / TokenPost.ai

USDC Treasury minted 250 million USD Coin (USDC) tokens on Solana at 5:21 p.m. ET Friday (21:21 UTC), in a confirmed transaction worth about $250 million.

It was a MintTo transaction on Solana. USDC is a digital token used to settle transactions, and Solana is a blockchain network for digital assets and applications.

The amount matches earlier 250 million USDC mints on Solana, including transactions on Oct. 6 and Oct. 2. Two separate transactions on Sept. 25 each minted 250 million USDC.

Enna Lee

Reporter

Enna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.

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