Token Terminal, in an article published on the X platform, stated that non-USDC and USDT stablecoins currently account for approximately 20% of the total Solana stablecoin supply, a significant increase from 3% a year ago. In addition to mainstream currencies, Solana currently hosts PYUSD, USDG, USD1, and over ten other deployments, including non-USD stablecoins such as the Swiss Franc (VCHF) and the Euro (EURC). Solana's native applications are also launching their own stablecoins, such as CASH from the Phantom wallet and jupUSD from Jupiter. This indicates that the Solana application ecosystem has matured, and the native team is expanding its products to include a variety of financial products. For Solana, this diversification reduces concentration risk and reflects the issuer's confidence. A year ago, regulatory issues with Circle would have threatened the entire Solana stablecoin foundation, while the current diversity of issuers makes the network more resilient, and new issuers choosing Solana demonstrate their confidence in the ecosystem.