USDC Minting Boosts Solana Liquidity: $500M Added, SOL and CRCL Rebound

Circle minted $500 million USDC on Solana in the past 24 hours, adding liquidity as traders increased buying. After the mint, USDC supply on Solana rose by 0.14%, and USDC on Solana surpassed $8 billion, about 10.24% of USDC supply across all blockchains (per DefiLlama). Most USDC remains on Ethereum at ~66.41%, while total circulating USDC was about $78.65 billion. The article links the move to stronger bridge activity since early 2026, with Circle bridging roughly $400 million per day into USDC. This higher inflow helped support market sentiment, with the crypto sector jumping about 4%. Price-wise, CRCL showed a bullish candle around the USDC mint but is still below a rising trendline. RSI near 62 suggests buying is improving, while MACD indicates bearish momentum may still be present. Solana (SOL) is attempting to break above the mid-level of a channel it has traded inside since February. The near-term breakout appears tied to liquidity staying elevated, with a target around $100 (or higher) if SOL can hold above the ~$90 level. Overall, the USDC supply increase is presented as a catalyst for liquidity-driven stabilization and recovery, with SOL and CRCL moving largely in sync (correlation ~0.73).