Crypto issuer Circle has increased the issuance of its stablecoin USDC on the Solana blockchain. It has minted an additional 250 million USDC on January 25, bringing the total issued on Solana to 5 billion since the beginning of the year. Solana is known for its low fees and fast transaction settlement times, making it an ideal platform for applications such as high-frequency trading, financial services, and consumer payments. The increasing demand for USDC in decentralized finance (DeFi) apps and other on-chain transactions is driving Circle's issuance on Solana. Circle also recently announced a collaboration with Binance to increase USDC acceptance and promote the use of digital assets. Additionally, Circle has introduced the "Paymaster" function, allowing users to pay blockchain transaction fees with USDC, which could enhance its acceptance on blockchain systems.



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