Circle Issues Additional $500 Million USDC on Solana

Written by Ohris M. Greyoon, Blockchain & Crypto Expert

Source: Coinmarketcap

Updated: Dec 10 2025

Should l Buy SOL?

Circle's USDC Minting on Solana: Circle minted $500 million of USD Coin on the Solana blockchain on December 8, 2025, in two transactions of $250 million each, contributing to a total of $15.03 billion USDC issued on Solana since October 11, 2025.
Market Reaction: Following the minting event, USDC trading volume surged by 77.85% to $11.94 billion within 24 hours, with decentralized exchanges on Solana experiencing a significant increase in liquidity.
Stablecoin Issuance Trends: The recent minting aligns with a broader trend where Circle and Tether have collectively issued over $20 billion in new stablecoin supply since early October, indicating renewed market interest.
Solana's Position in the Market: The large-scale minting activities reinforce Solana's reputation as a leading platform for regulated dollar-pegged assets, benefiting from its high throughput and low transaction costs compared to other layer-1 chains.

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Technical Analysis for SOL

Technical Sentiment Analysis for Solana (SOL) As of , Solana (SOL) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 6 technical signals, shows that 2 indicators are flashing buy, while 4 are indicating sell.

Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for SOL stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.

Support, Resistance & Moving Averages From a structural perspective, SOL is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.

Solana (SOL) Support & Resistance Level

Name	S3	S2	S1	Pivot Points	R1	R2	R3
Classic	15.683	41.591	67.033	92.941	118.383	144.291	169.733
Fibonacci	41.591	61.207	73.326	92.941	112.557	124.676	144.291

About SOL

Solana is a highly functional open source project that banks on blockchain technology’s permissionless nature to provide decentralized finance (DeFi) solutions. While the idea and initial work on the project began in 2017, Solana was officially launched in March 2020 by the Solana Foundation with headquarters in Geneva, Switzerland.To learn more about this project, check out our deep dive of Solana.The Solana protocol is designed to facilitate decentralized app (DApp) creation. It aims to improve scalability by introducing a proof-of-history (PoH) consensus combined with the underlying proof-of-stake (PoS) consensus of the blockchain.Because of the innovative hybrid consensus model, Solana enjoys interest from small-time traders and institutional traders alike. A significant focus for the Solana Foundation is to make decentralized finance accessible on a larger scale.

About the author

Ohris M. Greyoon

Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.

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