Unable to Verify 500 Million USDC Issuance on Solana on November 13
Key Facts
The reported issuance of 500 million USDC on the Solana network on November 13, 2026, could not be verified. The Tokenpost page cited in the summary could not be opened, and the transaction could not be confirmed through a reliable, publicly accessible source. There is therefore no documented basis for attributing the issuance to two transactions or determining their timing. It also cannot be confirmed that the transaction was intended to increase liquidity or support decentralized finance activity. These details remain outside what the available information establishes about the development.
Circle describes USDC as fully backed by highly liquid cash and cash-equivalent assets, and says it is redeemable for U.S. dollars at a 1:1 ratio. According to the company, new units are minted when USDC is issued in exchange for a dollar deposit. The stablecoin’s circulating supply was $67.9 billion on November 12, 2026, according to Circle’s website. These data provide context for the size of the circulating supply before the date associated with the report. They do not, however, establish that a specific issuance took place on Solana the following day.
EL7 daily data showed USDC’s closing price against the dollar was $1 on November 13, 2026. In the previous session, on November 12, the close was $0.99983. These figures reflect the stablecoin’s daily closing prices against the dollar. The data do not identify the cause of the price movement between the sessions or link it to a mint on the network. The November 13 close at $1 therefore remains the available market indicator for the day in question.
The Solana Foundation said in September that the network had processed more than $5 trillion in stablecoin transactions during 2026 through September 30. It said the network’s stablecoin supply reached $17.4 billion in September, up 18.8% year over year. In its October report, published on November 6, the foundation said 14 million addresses held stablecoins on the network during the month. Decentralized exchanges on Solana also recorded $60 billion in trading volume in October. These figures provide background on stablecoin and trading activity on the network, without establishing the issuance in question or explaining its purpose.
Looking ahead, the Solana Foundation announced that the U.S. Depository Trust and Clearing Corporation’s (DTCC) asset tokenization service will connect to the network in the second half of 2027. It said the service will enable the tokenization of eligible assets deposited with DTC while maintaining the same investor protections. The announcement sets a future timeline for developing the network’s asset-tokenization uses. It does not establish a connection between the project and the USDC issuance that could not be verified.