coin-img-BTCBTC-2.15%coin-img-ETHETH-4.34%coin-img-SOLSOL-3.57%coin-img-XRPXRP-1.66%coin-img-HOGRUNHOGRUN+11,900.00%coin-img-SMARTTOOLSSMARTTOOLS-8.21%coin-img-USDCUSDC-0.01%coin-img-CHIPCHIP-17.10%coin-img-BTCBTC-2.15%coin-img-ETHETH-4.34%coin-img-SOLSOL-3.57%coin-img-XRPXRP-1.66%coin-img-HOGRUNHOGRUN+11,900.00%coin-img-SMARTTOOLSSMARTTOOLS-8.21%coin-img-USDCUSDC-0.01%coin-img-CHIPCHIP-17.10%coin-img-BTCBTC-2.15%coin-img-ETHETH-4.34%coin-img-SOLSOL-3.57%coin-img-XRPXRP-1.66%coin-img-HOGRUNHOGRUN+11,900.00%coin-img-SMARTTOOLSSMARTTOOLS-8.21%coin-img-USDCUSDC-0.01%coin-img-CHIPCHIP-17.10%coin-img-BTCBTC-2.15%coin-img-ETHETH-4.34%coin-img-SOLSOL-3.57%coin-img-XRPXRP-1.66%coin-img-HOGRUNHOGRUN+11,900.00%coin-img-SMARTTOOLSSMARTTOOLS-8.21%coin-img-USDCUSDC-0.01%coin-img-CHIPCHIP-17.10%

Tether, Circle authorize $600 million stablecoin issuance on Solana

Tether and Circle authorized a combined $600 million in new stablecoins on Solana on Tuesday, according to onchain data. The issuances totaled $350 million in USDT and $250 million in USDC, minted from the companies' respective treasuries within roughly an hour. The added supply comes as Solana activity has picked up and demand has grown for high-throughput, dollar-pegged settlement rails. The funds are expected to be deployed across major decentralized exchanges to help meet rising trading volumes. Source: Whale Alert
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