#StablecoinSurge Solana's stablecoin supply has surged past $10 billion, marking a new record. This remarkable growth is largely driven by the popularity of meme coins, particularly those themed around the Trump family, which has attracted significant retail interest and boosted decentralized finance (DeFi) activity on the platform.¹

The surge in stablecoin supply is closely tied to the issuance of USDC by Circle, which has minted approximately $3.5 billion worth of USDC on the network in just the past week. As a result, USDC's supply on Solana has nearly doubled from $4.2 billion to $8.2 billion within a month.

This growth has positioned Solana ahead of other blockchains, with Ethereum leading at $115 billion, while BNB Chain, Base, and Arbitrum lag behind. The increasing adoption of stablecoins on Solana has also led to a surge in Total Value Locked (TVL) across DeFi protocols, with Solana's TVL growing by 800% since January.²