Have seen some FUD on the timeline as it pertains to Solana's stablecoin economy. Here are the facts: 1. Solana grew its stablecoin supply ($14.6b) 37% in Q3. Primarily driven by USDC, which has 69% of all stablecoins circulating on the network (USDT is 16.4%) Solana has 5.1% of all Stablecoins, and is the #3 chain in terms of stablecoin supply. 2. Stablecoin transfer volume was up 50% in Q3. 3. In terms of velocity, Solana turns over 6% of its stablecoin supply/day (Ethereum L1 is 2.8%, L2s combine for 5.6%). 4. In Q3, USX emerged on Solana as a new yield-bearing stablecoin that pays yield via delta-neutral strategies (similar to Ethena). It's now the 5th largest stablecoin on Solana, with over $200m of AUM. *All from the Stablecoin section of the Q3 edition of The SOL Report, powered by @solsticefi If you'd like to download the full report and access the dune dashboard, see below 👇

Download a copy of the Q3 edition of The SOL Report: Access the supporting dashboard: