Pump.fun will enable USDC trading pairs for new token launches, existing SOL trading pairs will remain unchanged

Solana meme coin issuance platform Pump.fun will enable USDC trading pairs for newly issued tokens starting May 21, while existing SOL trading pairs will remain unchanged. All previously bonded curve tokens will be migrated to AMM PumpSwap, paired with SOL, and permanently burned. According to DefiLlama, approximately 5.07 million SOL, valued at over $430 million, have been locked out of circulation since January 2024. With the shift to USDC, Pump.fun's revenue will primarily be settled in stablecoins, reducing the process of converting SOL fees into stablecoins. On-chain data shows that the platform has cumulatively allocated over $382 million to $PUMP buybacks, repurchasing and burning 37.9% of its circulating supply, equivalent to 13.4% of the total supply.