Circle Internet Group (NYSE: $CRCL) has minted $750 million U.S. worth of its USDC stablecoin on the Solana (CRYPTO: $SOL) network.

The use of the Solana network adds liquidity as the USDC stablecoin’s trading and institutional flows accelerate, said Circle in a statement.

The Solana network is now rivaling Ethereum (CRYPTO: $ETH) when it comes to stablecoins.

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The latest mint on the Solana network comes after Circle minted $4.25 billion U.S. worth of USDC on the Solana blockchain in January of this year.

Some crypto bulls say that the Solana network, owing to its speed and security, is becoming a primary venue for new dollar liquidity rather than a side chain.

The latest $750 million U.S. mint on the Solana network also occurred amid a resurgence in the USDC stablecoin.

In recent weeks USDC’s market capitalization has climbed to $56 billion U.S., surpassing its previous peak from 2022.

Circle’s financials show that the USDC stablecoin’s circulation reached $75.3 billion U.S. at the end of 2025, up 72% year-over-year.

At the same time, the Solana network is seeing record activity. Market data shows that Solana generated $1.12 million U.S. in fees in a single 24-hour period.

Solana’s 24‑hour trading volume has surpassed $10 billion U.S. on several recent active days, a 90% increase over sessions seen a year earlier.

CRCL stock has gained 14% this year to trade at $95.41 U.S. per share.