PANews reported on May 19th that, according to SolanaFloor, Pump.fun, the Solana meme currency issuance platform, will enable USDC trading pairs for newly issued tokens starting May 21st, while existing SOL trading pairs will remain unchanged. All tokens that have completed their binding curve will be migrated to the AMM PumpSwap, paired with SOL, and permanently burned. According to DefiLlama estimates, approximately 5.07 million SOL tokens, worth over $430 million, have been locked and withdrawn from circulation since January 2024. After switching to USDC, Pump.fun's revenue will primarily be settled in stablecoins, reducing the need to exchange SOL fees for stablecoins. On-chain data shows that the platform has cumulatively repurchased and allocated over $382 million to $PUMP, repurchasing and burning 37.9% of the circulating supply, equivalent to 13.4% of the total supply.