🚀 Circle, the stablecoin issuer, has pumped nearly $1 billion into the Solana (SOL) ecosystem in the past week, minting $250 million of its USDC token. USDC now dominates as the largest stablecoin on SOL, accounting for $2.35 billion of the $3.34 billion total. This move has boosted the USDC supply on the major L1 blockchain by over 10%.💰

This could signal increased demand and need for more liquidity within the ecosystem. Solana's total value locked (TVL) rose by 0.4% following the news, hinting at potential price hikes for memecoins and Solana's native token.📈

What are your thoughts on this development? Share in the comments!👇