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
What Is Solana’s Alpenglow Upgrade? New Consensus Could Deliver 150ms Transaction Finality
Solana’s next major protocol overhaul is edging closer to reality, and developers say it could dramatically reduce transaction confirmation times while simplifying the network’s core mechanics.
Solana’s Alpenglow Upgrade Targets Near-Instant Finality and Simpler Consensus
Solana developers
Coinpedia32m ago
X Platform Mistaken Account Ban Issue Resolved, 99% of Accounts Restored
X platform product leader Nikita Bier responded to user account suspension issues, stating that due to errors in the new spam filtering system, some normal accounts were mistakenly flagged as spam accounts, with approximately 99% restored. The platform will continue to increase investment and upgrades to its anti-spam tools.
GateNews1h ago
Solana Tests $90 Resistance as Fibonacci Confluence Signals Key Turning Point
Key Insights
Solana price is nearing a major resistance near $90 where Fibonacci retracement and value area levels align, creating a decisive technical barrier.
Market structure shows the rally forming part of an ABC corrective pattern, keeping the broader consolidation intact while price tr
CryptoFrontNews2h ago
Solana Superteam USA Officially Established, Dedicated to Accelerating U.S. Entrepreneurs Joining the Solana Ecosystem
Solana Superteam USA was established on March 13th with the aim of promoting American entrepreneurs' integration into the Solana ecosystem. Founder Nicky Scanz has extensive experience in the Solana community and is focused on strengthening the Solana builder community in the US region.
GateNews2h ago
US XRP spot ETF saw net outflows of $6.08 million yesterday, while SOL spot ETF saw net inflows of $3.92 million
Recently, data showed that as of 3 PM ET on March 12, the US XRP spot ETF saw net outflows of $6.0806 million, while the SOL spot ETF saw net inflows of $3.9248 million. The cumulative historical net outflows for XRP reached $17.8894 million, while SOL reached $961 million.
GateNews3h ago
