Ethereum Sees Surge In Stablecoin Issuance While Solana Experiences Decline

According to Odaily, recent data from Lookonchain reveals significant changes in stablecoin activity across major blockchain networks. Over the past week, the Ethereum mainnet has witnessed an issuance of 1.1 billion stablecoins, specifically USDT and USDC. In contrast, the Solana network has seen a reduction, with 772 million stablecoins being destroyed. These developments highlight shifting dynamics in the stablecoin market across different blockchain platforms.