11h ago
New milestones, major launches, and record inflows.
Another big week for stablecoins on Solana.
Here's a quick recap:
→ Total stablecoin supply on @solana crossed $15B, setting a new all-time high. (Source: @artemis).
→ Solana saw the highest 24-hour stablecoin inflows across all L1 and L2 chains last week.
→ @Uniswap is now live on Solana, powered by @JupiterExchange.
→ @PayPal's PYUSD has crossed $1B in supply on Solana. (s/o @tokenterminal for the insight).
→ The Legacy Mesh and XAUt0 by @USDT0_to are live on Solana, unifying native USDT liquidity across 12+ chains and introducing tokenized gold on chain. XAUt0 deposits are now open on @Bybit_Official.
→ @MetaDAOProject teams continue to raise the bar. @AviciMoney's team closed $3.5M. Huge congrats to @RamXBT and team!
→ @phantom added more incentives to the CASH Lending Vault on @kamino, bringing total APY to 18% - among the highest for stablecoins on Solana.
That’s the roundup for the week.
Tag anything I missed below. 👇
13/10/2025
It’s been a tough week across crypto but we keep building, as always.
Here’s a rundown of what’s been happening on the stablecoin front on @solana this past week:
→ Many ecosystem teams shared how they managed the recent surge in network activity without any downtime, fee spikes, or bad debt. Shoutout to @kamino, @hylo_so, @LoopscaleLabs, @DeFiCarrot, @DriftProtocol, @ethena_labs and others.
→ Weekly stablecoin transfers on Solana crossed $300B, setting a new all-time high. (s/o to @blockworksres)
→ USX by @solsticefi became Solana's 5th largest stablecoin within a week of launch, crossing $200M+ TVL, 15K+ users, and $84M+ locked in the YieldVault.
→ @JupiterExchange announced JupUSD, a new stablecoin built in partnership with @ethena_labs.
→ @UmbraPrivacy raised $154M USDC on @MetaDAOProject (and returned most of it), showing what open capital formation looks like on Solana. Shoutout to @kru_tweets and the team.
→ @global_dollar's USDG continues to grow on Solana, with supply at $460M, up 5x since June. (s/o to @tokenterminal)
→ @uselulo crossed $100M in USDC deposits.
→ The @fusewallet Card is now available in 18 countries. You can spend your stablecoins anywhere Visa is accepted, with zero fees.
That's the recap for the week.
Shout it out in the replies below if I missed anything👇
41.56K
85
The content on this page is provided by third parties. Unless otherwise stated, OKX is not the author of the cited article(s) and does not claim any copyright in the materials. The content is provided for informational purposes only and does not represent the views of OKX. It is not intended to be an endorsement of any kind and should not be considered investment advice or a solicitation to buy or sell digital assets. To the extent generative AI is utilized to provide summaries or other information, such AI generated content may be inaccurate or inconsistent. Please read the linked article for more details and information. OKX is not responsible for content hosted on third party sites. Digital asset holdings, including stablecoins and NFTs, involve a high degree of risk and can fluctuate greatly. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition.