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- The stablecoin issuer has minted $500M USDC on Solana today.
- It has minted $1B stablecoins in the previous week, bringing its July total past $3 billion.
- SOL trades at a key level, targeting the $200 mark.
Solana is in the spotlight as altcoins rally with Bitcoin above the $120,000 zone after the US Congress passed the groundbreaking crypto bills.
Amidst the rallies, stablecoin issuer Circle has minted $500 million USDC on the Solana blockchain today.
The new injection has pushed the firm’s weekly mint to $1 billion USDCs, indicating intensified stablecoin activities on the SOL network.
Furthermore, Circle has minted USDC worth over $3 billion on the Solana blockchain since the start of July.
🚨JUST IN: Circle has minted $500M USDC on Solana in the last 10 minutes, bringing total USDC minted on the network this July to $3B. pic.twitter.com/rnJnIvj0kd
— SolanaFloor (@SolanaFloor) July 17, 2025
That’s among the most aggressive stablecoin expansions the crypto platform has witnessed in 2025.
These developments underscore institutional trust in Solana’s infrastructure and future potential.
Meanwhile, the optimism is already reflected in SOL’s price action.
The native token hovers at a key level of $180, targeting swift rallies toward the sought-after $200.
Why increased stablecoin activities matter
Circles move to mine USDC worth billions of dollars on Solana is beyond a mere blockchain activity.
The move signals confidence in the network’s cost-friendly model and scalability.
While Ethereum still grapples with high gas fees and congestion, Solana offers ultra-low fees and near-instant transaction completion.
That makes it perfect for handling massive volumes of stablecoin transfers.
The USDC minting spree signals growing institutional trust in Solana’s capabilities.
To investors, traders, and developers, the development signals a growing ecosystem ripe to support stablecoin-centric growth.
It is no surprise that native SOL displays bullishness amidst USDC surges.
Liquidity plays a crucial role in blockchain’s overall health, and stablecoins ensure smooth undertakings, from interacting with DEXs to lending protocols.
More USDCs joining the network will enrich Solana’s throughput and demand, which in turn leads to price growth.
Also, the move reflects Circle’s expansion goals.
The company requires a blockchain that can handle massive real-world volumes as it braces for its IPO (initial public offering).
Will Solana’s battle-tested, cheap, and fast capabilities make it a perfect partner?
Solana price outlook
SOL trades at $180 after gaining more than 6% in the past 24 hours.
The current price places it at a key level.
A closing above $180 will likely catalyze smooth gains toward the psychological mark at $200.
Technical indicators support Solana’s upside stance.
The 1D Moving Average Convergence sways above the signal line, suggesting buyer control.
Also, the Chaikin Money Flow has remained elevated since July 14.
That confirms increased cash entering the SOL ecosystem as investors expect imminent rallies.
Bulls target the $188 zone, beyond which Solana can rally frictionlessly to $200.
Solana enthusiasts @splsamurai posted a chart highlighting SOL’s potential gains.
$SOL about to breach $180 resistance and teleport to $200 pic.twitter.com/fPjGV30s1S
— Samurai•SOL ⚔️ (@splsamurai) July 18, 2025
Continued broad market surges will support Solana’s stability above $180 to validate the bullish trajectory.
Altcoins display bullish strength as Bitcoin’s dominance dwindled after BTC’s rally to all-time highs last week.
Solana remains poised among the top alts to watch in the prevailing bull runs.