TechFlow news, according to The Block, Solana's stablecoin supply has surpassed $10 billion, based on data from DeFiLlama.
Since early January, the value of stablecoins on the Solana network has surged nearly 110%, rising from $5.1 billion to $10.8 billion. In comparison, Ethereum currently holds $115 billion in stablecoins, BNB Chain holds $7 billion, Base holds $3.8 billion, and Arbitrum holds $3.1 billion.
According to The Block's data dashboard, nearly 80% of Solana's stablecoin supply—approximately $8 billion—is composed of USDC. Since the beginning of this month, USDC has nearly doubled, increasing from $4.2 billion to $8.2 billion. Tether's USDT accounts for $1.96 billion of the stablecoins on the network.
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