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Key takeaways
- Circle minted 500 million USDC, not 250 million.
- Both mints entered the same treasury-labeled account.
- Most of the account balance increase remained there.
- The separate 500 million USDT mint remains unverified.
- Circulating supply did not rise with total issuance.
Onchain records confirm 500 million USDC from Circle
A September 19 report described a combined $750 million stablecoin injection into Solana, attributing $500 million to Tether and $250 million to Circle. The linked evidence tells a different story.
The underlying transaction coverage said Circle completed two 250 million USDC mints within roughly 40 minutes. Solana’s transaction records confirm both transfers.
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