Solana's Stablecoin Supply Reaches Highest Level Since September 2022

According to PANews, the supply of stablecoins on the Solana blockchain has surged over the past week, reaching its highest level since September 2022. Data from DefiLlama indicates that the current stablecoin supply on Solana stands at $5.89 billion, which is just 5.76% below the all-time high of $6.25 billion recorded on June 4, 2022. The increase in Solana's stablecoin supply is largely attributed to recent activities by Circle. Solscan data reveals that Circle has minted 1 billion new USDC tokens in 2025 so far, contributing significantly to the growth in stablecoin supply on the Solana network.