Solana's on-chain stablecoin market capitalization has reached a record $12.884 billion, signifying a major milestone in the decentralized finance sector. This surge is indicative of the growing adoption of DeFi within Solana's ecosystem.
The growth is significantly attributed to the USDC stablecoin, enhancing transparency and trust in transactions. This demand has positively impacted Solana's native token, SOL, reflecting increased investor confidence.
As Solana's stablecoin market cap continues to rise, it is poised to attract more institutional interest in its DeFi initiatives, showcasing its potential leadership in the space.
Full story here: https://coincu.com/334160-solana-stablecoin-market-cap-record
