The market capitalization of stablecoins on the Solana layer-1 blockchain surged by $900 million over a 24-hour interval on Tuesday.
Stablecoins, blockchain tokens backed by fiat currency or debt resources, surged to a market cap of $15.3 billion on the Solana network, per DefiLlama.
The dramatic surge came as decentralized finance platform Jupiter launched its JupUSD stablecoin, developed in partnership with synthetic stablecoin issuer Ethena.
Solana’s stablecoin ecosystem is dominated by Circle’s USDC (USDC), a dollar-pegged token, which accounts for over 67% of the network’s total stablecoin market cap.
The surge in stablecoins on Solana reflects heightened funding exercise and investor hobby, as the Solana ecosystem shifts toward turning steady into a hub of Web capital markets, the put aside price and menace are transferred fully through onchain rails.
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Stablecoins grow to be serious plumbing as resources switch onchain
Stablecoin settlement volume increased by 87% in 2025, per financial ranking company Fretful’s Investors Service.
Stablecoins are serious infrastructure for tokenized true-world resources (RWAs), that are physical or former resources represented onchain, Fretful’s acknowledged. Tokenized RWAs require stablecoins for onchain liquidity and settlement.
Tokenizing resources opens fresh use circumstances, worship being ready to utilize historically illiquid asset lessons corresponding to art, true property and collectibles as backing collateral for loans in DeFI capabilities.
The RWA market is projected to surge to $30 trillion by 2030, per several former financial establishments.
Stablecoins are among the many leaders of that growth. The overall market cap of fiat-backed stablecoins — tokens backed 1:1 by fiat money deposits and government debt securities — is nearing $300 billion, per RWA.xyz.
Beneath the GENIUS Act, which was signed into law by US President Donald Trump in July 2025, regulated cost stablecoins desire to be backed on a one-to-one basis with high quality liquid resources, successfully with the exception of algorithmic or underneath-collateralized devices.
Algorithmic stablecoins, which use instrument or complex market trades to retain their fiat currency pegs, are no longer identified underneath the GENIUS Act.
The GENIUS Act moreover prohibits stablecoin issuers from sharing yield straight with potentialities, a provision that has created debate in regards to the future position of banks.
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