Solana Stablecoins Reach $10.8 Billion Milestone
Solana’s total stablecoin supply has surged past $10 billion, marking a new peak. The supply has grown by 110% since January, driven by increased issuance of Circle's USDC stablecoin.USDC Leads Stablecoin Growth on Solana
Circle minted $3.5 billion in USDC on Solana in the past week, with USDC now comprising 80% of the network’s stablecoin supply. Tether’s USDT makes up the remaining $1.96 billion.Impact on Solana Ecosystem
The growth in stablecoin usage has boosted activity on Solana’s DeFi platforms and trading volumes. The rollout of Trump memecoins has further fueled the network’s adoption and transaction fees.Future Outlook for Solana Stablecoins
Solana’s stablecoin growth reflects rising retail and institutional adoption. Research suggests this trend could continue, particularly as Solana strengthens its position as a major blockchain for DeFi.
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