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"Solana-based Stablecoin Market Cap Doubles in a Month"

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Son Min
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  • The market capitalization of Solana-based stablecoins doubled in a month.
  • The supply of stablecoins increased by 73% following President Trump's issuance of a meme coin.
  • The market cap of stablecoins rose from $5.1 billion at the beginning of January to $11.4 billion by the end of the month.
STAT AI Notice
  • The article was summarized using an artificial intelligence-based language model.
  • Due to the nature of the technology, key content in the text may be excluded or different from the facts.

The market capitalization of stablecoins on the Solana (SOL) blockchain has more than doubled in a month.

On the 3rd (local time), Cointelegraph reported, "The market cap of Solana-based stablecoins has more than doubled since January," and "after President Trump's issuance of a Solana-based meme coin, the supply of Solana stablecoins increased by 73%."

Meanwhile, according to DeFiLlama data, the market cap of Solana-based stablecoins increased from $5.1 billion at the beginning of January to $11.4 billion by the end of the month.

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sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit