Circle Reportedly Mints $500M in USDC on Solana
A reported $500 million Circle issuance on Solana adds fresh supply to a network with $5.05 billion in DeFi assets.
A reported $500 million Circle issuance on Solana adds fresh supply to a network with $5.05 billion in DeFi assets. USDC (USDC) is trading at ₹93.92 ($0.9996). This is an original Token Times brief synthesising 2 outlets (CaptainAltcoin, Cryptopolitan), with their figures cross-checked, plus live market data, as of Wed, 11 Nov 2026 12:00:01 UTC.
The size of the reported mint could expand the USDC liquidity available across Solana-based trading and DeFi venues, although newly issued tokens do not necessarily enter active circulation immediately.
- CaptainAltcoin reports roughly $500 million in USDC minted on Solana.
- USDC circulating supply stands at $70.11 billion, according to DeFiLlama.
- Solana DeFi TVL is $5.05 billion, DeFiLlama data shows.
- USDC is near parity with the dollar; SOL fell 2.24% over 24 hours.
CaptainAltcoin reports that Circle minted approximately $500 million in USDC on Solana over a 24-hour period. The figure cross-check lists $500 million as cited by both CaptainAltcoin and Cryptopolitan, but the supplied Cryptopolitan summary concerns TSMC’s planned AI-company investments and contains no readable Circle or Solana detail, so it does not provide substantive editorial corroboration of the issuance. No conflicting USDC amount is stated in the supplied material; the discrepancy is in the supporting coverage rather than in the reported mint value.
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- Circle Reportedly Mints $500M in USDC on Solana — this brief
Circle reportedly minted approximately $500 million of 
USDC on 
Solana during the preceding 24 hours, according to CaptainAltcoin. The issuance points to continued stablecoin activity on the network, but the report does not establish that all of the newly created USDC has entered circulation or been deployed across trading, market-making and decentralized-finance markets.
CaptainAltcoin frames the transaction as an addition to Solana’s expanding stablecoin economy. Such supply can provide a larger pool of dollar-denominated liquidity for applications and trading activity on the network, but its immediate effect depends on distribution and use rather than minting alone. The reported amount is substantial relative to the $5.05 billion of total value locked across Solana DeFi, as independently measured by DeFiLlama.
The available reporting has an attribution wrinkle. The figure cross-check records $500 million as appearing in both CaptainAltcoin and Cryptopolitan coverage, yet the supplied Cryptopolitan summary instead discusses TSMC plans to invest in Anthropic and OpenAI and says nothing about Circle, USDC or Solana. Consequently, CaptainAltcoin’s summary is the only readable report substantiating the stablecoin-minting claim, while no outlet supplied here presents a conflicting monetary figure.
Verified data shows that USDC’s circulating supply is $70.11 billion, according to DeFiLlama. At the same time, USDC trades at $0.999574, up 0.01% over both 24 hours and seven days, and has a market capitalization of $69.86 billion. Solana-based DeFi currently represents $5.05 billion of TVL, placing the reported issuance within a much broader on-chain ecosystem rather than as an isolated transaction.
The wider market backdrop is subdued. Total crypto market capitalization stands at $2.52 trillion, with the overall market described as flat, while 
Bitcoin is down 0.89% over 24 hours and the Fear & Greed index is at 29, indicating fear. SOL trades at $83.41, down 2.24% over 24 hours and 10.37% over seven days. Whether the reported USDC supply reaches active Solana venues, and how that deployment affects dollar liquidity, is the relevant factor to monitor next.
Since this brief published about 3 hours ago, USDC (USDC) has moved from ₹93.92$0.9996 to ₹93.92$0.9996 — +0.01%.
The chart plots USDC's price: grey is the move before this brief published, the vertical dashed line marks the moment it published, the horizontal dashed line is the price then, and the coloured area is the move since — from Token Times's market data (daily resolution). It shows what happened after the news, not that the news caused it; many factors move prices. Not financial advice.
At today's peer-to-peer rate, 1 USDC ≈ ₹99.32 (about $0.9996), up 0.0% over 24 hours. The rupee itself trades about 5.8% above the official rate on the P2P market, so a Indian buyer's effective cost differs from the headline dollar price.
Live market data
Current prices for the assets in this story — live, source-stamped, updated every 15 minutes.
1 key figure independently matched across 2 outlets reporting this story.
Token Times extracts the figures each outlet reports and flags the ones that agree. Numbers cited by only one outlet are attributed in the brief, not shown as corroborated.
Figures and sectors in this story, checked live against on-chain aggregators · November 11, 2026.
Token Times reads these figures directly from on-chain aggregators (DeFiLlama, mempool.space) at build time — independent of what any outlet reported. Sector totals aggregate every protocol DeFiLlama tracks in that category. Values are live and will change.
Circle Reportedly Mints $500M in USDC on Solana — questions & answers
How much USDC did Circle reportedly mint on Solana?
CaptainAltcoin reports approximately $500 million in USDC minted over a 24-hour period. The figure cross-check also associates $500 million with both named outlets, although the supplied Cryptopolitan summary does not address the issuance.
Does the mint guarantee more active USDC liquidity?
No. A mint increases token supply, but the supplied information does not say that every new USDC token has entered circulation or been used in Solana DeFi and trading.
How large is Solana’s DeFi ecosystem?
DeFiLlama reports $5.05 billion in total value locked across Solana DeFi, while total USDC circulating supply is $70.11 billion.
How much is 1 USDC worth in rupee today?
About ₹99.32 at the live peer-to-peer (P2P) USDT rate, which is what Indians typically trade at — equivalent to roughly $0.9996. The rupee price moves with both USDC's US-dollar price and the USDT/INR rate; use our USDC in rupee page for any amount.
Which outlets reported this story?
This is an original Token Times brief that synthesises reporting from CaptainAltcoin, Cryptopolitan, with the key figures cross-checked for agreement across them. It is not a copy of any one article — follow the source links above for the original reporting.
Original summary — not financial advice. This is an original Token Times brief that summarises a development reported elsewhere and adds live market data for context; it is not the original article and reproduces no part of it. Follow the source link above for full details. Crypto is volatile and high-risk — always do your own research.