Solana Stablecoin Supply Hits $10.5 Billion Amid TRUMP Token Surge
- Solana’s stablecoin supply surged to $10.5 billion, doubling since January.
- Circle’s USDC reached over $8 billion on Solana, adding more than $4 billion this month.
- Tether’s USDT grew from $917 million to $2 billion on the network.
- TRUMP coin launch on Solana drove massive trading volumes and liquidity inflows.
- Solana-based DEX trading volume exceeded $25 billion daily, accounting for 74% of all blockchain DEX trades.
The TRUMP token launch significantly boosted Solana’s stablecoin supply and decentralized exchange activity, with USDC circulation surpassing $8 billion and daily DEX trading volumes reaching over $25 billion.
Source (2.6)https://www.coindesk.com/markets/2025/01/24/trump-token-frenzy-drives-solana-stablecoin-supply-to-usd10b-record-dex-volumes?rand=52298
