The USDC Treasury made two Solana mints totaling 500 million USD Coin (USDC) Friday, Nov. 13. Distribution of the tokens and the effect on total USDC supply across networks remain unverified.
The two entries were equal in size, at 250 million USDC apiece. They were recorded at 5:38 p.m. ET (22:38 UTC) and 6:14 p.m. ET (23:14 UTC), 36 minutes apart.
A separate Solana mint on Nov. 10 totaled 250 million USDC, half the Friday batch's combined amount. USDC is used for digital-asset settlement, while Solana supports digital assets and applications.
Circle's Cross-Chain Transfer Protocol handles transfers between blockchains by removing USDC from the source chain and issuing the same quantity on the receiving network. The Solana entries alone do not establish the net supply change across networks. The effect for this batch and whether the tokens were distributed remain unverified. EconoTimes previously explained how cross-chain transfers affect mint records.
