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Circle’s USDC Closes Gap With Tether’s USDT With 8 Billion Mints in 2025

Circles mints USDC on the Solana blockchain adding $5 billion to its market cap in past week itself and closing the gap with Tether's USDT.

USDC issuer Circle has been minting a large number of its native stablecoin closing the gap with Tether’s USDT. Just over the past week, the stablecoin firm has minted more than 5 billion USDC on the Solana network, amid high demand following the launch of TRUMP meme coin. This shows that Circle is increasing its market footprint and can probably eat partially into Tether’s market cap by being MiCA compliant.

Stablecoin firm Circle has been on a USDC minting spree since the beginning of 2025. As a result, the USDC market cap has surged by 8% adding $8 billion and moving past $52 billion. As per on-chain data, a large part of this minting has happened over the past week.
https://coingape.com/circle-usdc-closes-gap-with-tether-usdt-with-5-billion-mints-in-2025/