Odaily Planet Daily reports that Token Terminal stated on X that non-USDC and USDT stablecoins currently account for approximately 20% of the total supply of Solana stablecoins, a significant increase from 3% a year ago. In addition to mainstream varieties, Solana now hosts custody for PYUSD, USDG, USD1, and more than ten other deployments, including non-USD stablecoins such as Swiss Franc (VCHF) and Euro (EURC).
Native applications on Solana are also launching their own stablecoins, such as Phantom Wallet’s CASH and Jupiter’s jupUSD. This indicates that the Solana application ecosystem has matured, with native teams expanding their products into various financial instruments. For Solana, this diversification reduces concentration risk and demonstrates issuer confidence. A year ago, regulatory issues with Circle could have threatened the entire Solana stablecoin infrastructure, but today, the diversified issuers make the network more resilient, and new issuers choosing Solana also reflect confidence in the ecosystem.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
A whale spends 10.26 million USDC to buy 121,368 SOL tokens
ChainCatcher message: According to Lookonchain monitoring, approximately 1 hour ago, a whale "AHdUMw" spent 10.26 million USDC to buy 121,368 SOL, with an average purchase price of $84.57.
GateNewsBot1m ago
XRP Ledger Surpasses Solana in RWA Tokenization as Soil Launches Yield Protocol
Soil launched a compliant RWA-backed yield protocol on XRP Ledger for RLUSD, attracting $1M in deposits within 72 hours.
RLUSD holders access on-chain Yield Vaults offering fixed returns from private credit, tokenized government debt, and market-neutral hedge funds.
ORQO Group, an
CryptoNewsFlash5h ago
Solana Price Faces Crucial Test at $86.90 Amid Bearish Trend
Solana's price hovers around $85 after a significant drop from $148.88, facing resistance at $86.90. With reduced speculative activity and uncertain market sentiment, the trend remains bearish. A break above key levels could signal a shift toward bullish momentum.
CryptoFrontNews6h ago
Solana Nears $1B in Tokenized RWAs After BlackRock Boost
_Solana nears $1B in tokenized RWAs, fueled by BlackRock’s BUIDL and Ondo’s USDY, signaling rising institutional adoption on-chain._
Solana is approaching a major milestone in tokenized real-world assets as on-chain data shows total value nearing $1 billion.
The growth follows recent
LiveBTCNews8h ago
