The founder of Solana (SOL) drops his astronomical trillion-dollar forecast.
$SOL in a short tweet - '1T' - perhaps Anatoly Yakovenko, co-founder of #Solana, has just made one of the most significant forward-looking statements in the cryptocurrency world this year. The message was simple, but timing was the decisive factor.
The global stablecoin market just surpassed its all-time high of $255 billion. If you look closely at the data, you'll realize why reaching a trillion dollars may not be as far off as it seems.
Tether (#USDT) leads the list with a market capitalization of $155.9 billion, followed by $USDC.
USDC
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At $61.2 billion, but the focus is now on the direction of this volume - and that's where Solana comes in.
The market capitalization of stablecoins alone reached $10.6 billion on the Solana platform, with USDC accounting for a massive 70.5% of it. It remains an essential part of the puzzle of stablecoin trading speed. USDC, PYUSD, and even FDUSD are spreading across Solana platforms, showing that it is no longer just an Ethereum platform.
You choose new currencies like Fir,st Di,gi,tal USD (FDUSD) and Solayer USD (sUSD) as Solana's main issuance network too. The list is very long, with names like P,ay,,Pal USD, Ondo USD Yield, and Sky Dollar.
Stablecoins are taking bigger steps.
Looking at the bigger picture, it is clear that the regulatory landscape is shifting in favor of stablecoins. The recently passed GENIUS Act in the United States will contribute to making half of the market clearer and safer.
This clarity is already attracting institutional investors. JPMorgan, a bank that holds $300 billion in short-term treasury bonds, has not been enthusiastic about cryptocurrencies for some time, but is now launching its stablecoin JP,MD for corporate clients.
With banks moving towards tokenized treasury bonds, and the IPO of Circle gaining significant momentum with a 1000% increase in just weeks, and regulated issuers replacing obscure intermediaries, stablecoins are evolving into a fully integrated institutional-level product. If things continue this way, Yakovenko's '1T' prediction may actually come true.