A recent interesting phenomenon on the Solana network — Circle minted 1 billion USDC on the SOL chain in just 9 hours, coupled with Tether's issuance during the same period. In the past 11 hours, the market added $2 billion in stablecoin supply. This number is not small. Historically, a significant increase in stablecoin issuance often reflects active market participation, with funds showing a clear offensive stance. This usually indicates an improvement in trading depth and liquidity within the ecosystem. Of course, this is just the surface; whether institutions are bottom-fishing or retail investors are following the trend requires further observation of subsequent price movements and trading volume. However, from the supply side, the Solana ecosystem is indeed attracting increasing amounts of capital attention.
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StakeOrRegret
· 6h ago
2 billion stablecoins pouring in, this move is either big institutions quietly making profits or retail investors starting to buy the dip again. Let's see how it unfolds.
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CoffeeOnChain
· 6h ago
2 billion stablecoins are pouring in all at once, the pace is really fast, I feel a bit overwhelmed.
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TokenCreatorOP
· 6h ago
2 billion stablecoins are pouring in, now whether SOL can turn things around depends on this wave.
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DegenRecoveryGroup
· 6h ago
2 billion stablecoins pouring in, this move is either big investors bottom-fishing or pure bagholders. Let's see how the trend develops later.
A recent interesting phenomenon on the Solana network — Circle minted 1 billion USDC on the SOL chain in just 9 hours, coupled with Tether's issuance during the same period. In the past 11 hours, the market added $2 billion in stablecoin supply. This number is not small. Historically, a significant increase in stablecoin issuance often reflects active market participation, with funds showing a clear offensive stance. This usually indicates an improvement in trading depth and liquidity within the ecosystem. Of course, this is just the surface; whether institutions are bottom-fishing or retail investors are following the trend requires further observation of subsequent price movements and trading volume. However, from the supply side, the Solana ecosystem is indeed attracting increasing amounts of capital attention.