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Gateway: New Pre-Mint Address for USDC on Solana

Blog post from Circle

Post Details
Company
Date Published
Author
Team Circle
Word Count
359
Language
English
Hacker News Points
-
Summary

Circle Internet Financial has introduced a new pre-mint address for USDC on Solana as part of the preparations for the mainnet launch of Gateway on Solana. This pre-mint address, listed in Circle's GitHub repository, allows for the programmatic minting of USDC, although it is crucial for users not to send USDC to this address, as it is solely for Circle's use and could result in a loss of funds. The pre-minting process involves holding a balance of USDC in pre-mint addresses, which do not count towards the circulating supply until Circle authorizes a mint. The public API remains unchanged for exchanges and websites tracking USDC on Solana. Circle aims to transform the movement of money by enhancing accessibility and efficiency globally.