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I noticed an interesting movement in the data from Lookonchain — Circle has been actively increasing the issuance of USDC on Solana. Over the past month, they issued 10.5 billion, and an additional 250 million were added in mid-April. It seems to be a systematic expansion of the stablecoin supply on the network.
This indicates that demand for USDC is growing specifically on Solana. Such a volume of issuance is no coincidence — it reflects a real user need for stablecoins for trading and transactions. The Solana protocol is clearly becoming more attractive for attracting liquidity in March and beyond.
It's interesting to observe how stablecoins are distributed across networks. Solana is definitely gaining prominence in this regard.