Circle Resumes USDC Minting on Solana After Seven-Day Pause Amid Stablecoin Activity Surge
In recent days, the landscape surrounding stablecoin has changed notably, with USDT (Tether) and USDC (USD Coin) moving quite dramatically across various blockchain networks. Stablecoin activity on Ethereum, for instance, has seen a marked uptick. Tether and USD Coin have combined to add a staggering $1.1 billion to the network just in the last week. On Solana, however, these same stablecoins have experienced something of a "run," with a combined $772 million exiting the network in what seems to have been a weeklong panic accompanied by a fair number of raised eyebrows. We here at Altcoin Daily have our own eyebrows up, and for good reason. Is something afoot with the Solana stablecoin ecosystem? Resumption of USDC Minting on Solana The recent decision by Circle to restart minting USDC on Solana—after a one-week suspension—has gathered significant focus from the crypto […]