Circle: Mints $500M USDC on Solana
Circle minted $500M USDC on Solana, pushing 2026 total to $38B amid bullish SOL trends at $84.88 with golden cross signals.
SourceCircle just minted another $500 million in USDC on Solana, bringing the 2026 total to a staggering $38 billion on the network, as per on-chain data from @OnchainLens. This surge underscores Solana's growing dominance in stablecoin issuance, outpacing rivals like Bitcoin in high-throughput DeFi applications and fueling discussions on SOL price prediction amid broader crypto stablecoin growth.
Zooming into the 4-hour chart, SOL trades at $84.88 in a clear bullish structure, hugging the EMA200 at $84.39 as immediate support while the EMA50 at $83.61 reinforces the floor. MACD flashes a golden cross at 0.33, screaming upside momentum, yet RSI sits neutral at 54.96, hinting at room for more gains before overbought territory. Price dances inside Bollinger Bands, testing the upper resistance at $87.23—a breakout here could propel us toward fresh highs, but watch for exhaustion pulling back to the lower support at $80.86 if volatility spikes, aligning perfectly with Solana ecosystem expansion trends.
Onchain Lens
@OnchainLensSimplifying onchain data for the masses