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@FlyingFishSBSolana StableCoins
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The Solana stablecoin landscape is primarily dominated by USDC, which has seen significant fluctuations, reaching a high of approximately $8.8 billion in total supply by January 20, 2025, and experiencing a notable drop to around $2.4 billion in late July 2024. USDT maintains a relatively stable supply around $1.8 billion, while PYUSD has shown growth, peaking at around $561 million in late August 2024, before settling to around $167 million by January 2025. The total supply of all tracked stablecoins on Solana has seen substantial growth, increasing from approximately $4.5 billion in early July 2024 to over $11 billion by late January 2025, with a significant surge in mid-January 2025.
USDC's supply has fluctuated significantly, reaching $8.8B by January 2025, while USDT has remained relatively stable at around $1.8B, and PYUSD peaked at $561M in late August 2024 before settling to $167M by January 2025. The total supply of stablecoins on Solana has grown from $4.5B in early July 2024 to over $11B by late January 2025, with a notable surge in mid-January 2025.
The Solana stablecoin landscape is primarily dominated by USDC, which has seen significant fluctuations, reaching a high of approximately $8.8 billion in total supply by January 20, 2025, and experiencing a notable drop to around $2.4 billion in late July 2024. USDT maintains a relatively stable supply around $1.8 billion, while PYUSD has shown growth, peaking at around $561 million in late August 2024, before settling to around $167 million by January 2025. The total supply of all tracked stablecoins on Solana has seen substantial growth, increasing from approximately $4.5 billion in early July 2024 to over $11 billion by late January 2025, with a significant surge in mid-January 2025.
USDC's supply has fluctuated significantly, reaching $8.8B by January 2025, while USDT has remained relatively stable at around $1.8B, and PYUSD peaked at $561M in late August 2024 before settling to $167M by January 2025. The total supply of stablecoins on Solana has grown from $4.5B in early July 2024 to over $11B by late January 2025, with a notable surge in mid-January 2025.