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Another $500 million in USDC has been minted on Solana, extending a surge in stablecoin issuance as the network’s stablecoin supply is projected to reach $14.6 billion in 2026. The market for Solana to reach $150 by April 30 is currently priced at ?.
The mint is part of a broader increase in stablecoin activity on Solana, supported by its classification as a non-security digital commodity. The April 30 market for Solana reaching $150 shows combined 24-hour volume at $0, indicating thin liquidity. The development follows Western Union’s recent announcement of a Solana-based stablecoin launch, which adds institutional participation to the network.
Solana’s growing stablecoin issuance reflects demand for its infrastructure to handle high transaction volumes. The $500 million mint, alongside Western Union’s entry, suggests capital is flowing onto the network rather than activity driven solely by speculation. The April 30 market is structured such that a YES share pays out if SOL reaches $150, and the thin liquidity means prices could move sharply on relatively small trades.
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