Solana News: Circle Ramps Up USDC Issuance on Solana, Reaching 8 Billion USDC in 2025

Circle, a leading issuer of stablecoins, has significantly increased its issuance of USD Coin (USDC) on the Solana blockchain, with a total of 8 billion USDC expected to be minted by the end of 2025. This expansion underscores the growing adoption of Solana as a preferred blockchain for stablecoin issuance.

Circle Mints Another 250M USDC on Solana, Bringing 2025 Total to $8B

Circle has minted another 250 million USDC on Solana, pushing its 2025 total issuance to 8 billion USDC. The latest 250 million USDC mint was reported by on-chain analytics firm Spot On Chain. In January, Circle minted a total of 6 billion USDC on Solana, and an additional 2 billion USDC was minted in February. Spot On Chain also revealed that Circle had added 1 billion USD Coin (USDC) to Solana in the past seven days.

Fogo Chain Plans to Run ’Pure Firedancer’ on Its Own Blockchain

As Solana awaits promised upgrades from the Jump’s Firedancer client, Fogo Chain, a new layer-1 running on Solana’s software, plans to move Firedancer to its own blockchain. Fogo Chain will only use the Firedancer client and implement multi-local consensus with a curated validator set. The creators believe these features will push Solana’s software to its performance limits, with mainnet and testnet launches slated for the first half of this year. However, the project has detractors.

Solana’s Pump.fun Launches New AMM, Radium Crashes

Pump.fun, a leading launchpad for Solana-based meme coins, is reportedly setting up its own Automated market Maker (AMM) liquidity pools, currently in beta testing. The platform is testing its in-house AMM with the $CRACK token, aiming for independent liquidity pools. The transfer of 1,000 $CRACK tokens confirms its role in the AMM beta testing. This move will allow projects launched on Pump.fun to migrate to its proprietary AMM instead of depending on existing decentralized exchanges like Raydium. The development of an in-house AMM is seen as a strategic move to gain greater control over the liquidity and trading of tokens launched on its platform. Industry observers suggest this could shift Solana trading fees and reward token holders directly.

Pump.fun AMM Rumors Trigger 28% Decline in Raydium Token (RAY) Price

Pump.fun, a Solana-based meme coin launchpad, is reportedly testing an automated market Maker (AMM) that could reduce its reliance on Raydium, the decentralized exchange currently facilitating trading for tokens launched on Pump.fun. The first signs of an in-house AMM emerged when Aggr News spotted a new liquidity pool under the domain amm.pump.fun, potentially replacing Raydium as a third-party provider.