Stablecoins are rising in #Solana ($SOL ): USDC & USDT are triggering a surge in the market cap Q1 2025
This graph illustrates a significant surge in the market capitalization of stablecoins, reaching $12.5 billion as of March 2025.
This indicates a growing confidence in the use of stablecoins within the rapidly expanding Solana network.
The stablecoin market composition on the Solana network is dominated by USDC, which reached $9.7 billion with a quarter-over-quarter (QoQ) growth of 148.4%.
Following $USDC , $USDT recorded a capitalization of $2.3 billion with an even higher growth rate of 154.2%. Other stablecoins, such as $USDY ($177 million), $PYUSD ($130 million), and $USDS ($117 million), experienced more moderate growth.
These figures suggest that Solana has become a viable alternative for stablecoins, with its adoption continuing to increase.