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Circle Deploys $750 Million in USDC on Solana
In a significant expansion of stablecoin infrastructure, Circle has now deployed 750 million USDC tokens directly onto the Solana blockchain. This substantial issuance marks a strategic move to deepen the platform's presence within the Solana ecosystem, according to on-chain data verified by BlockBeats. USDC, which maintains a 1:1 peg with the U.S. dollar, has become increasingly important for DeFi protocols and trading pairs on Solana. The deployment of this magnitude is designed to bolster transaction efficiency and provide robust liquidity for the network's growing user base. By channeling 750 million USDC into Solana, Circle reinforces its commitment to supporting multiple blockchain networks while meeting rising demand for dollar-backed stability in one of the most active L1 ecosystems.