The stablecoin market on Solana has experienced an enormous upswing in supply during 2025.

From the year's start to now, the total stablecoin supply on Solana has swelled a whopping 130%, ballooning from a stable supply of around $5 billion

The stablecoin market on Solana has experienced an enormous upswing in supply during 2025. From the year’s start to now, the total stablecoin supply on Solana has swelled a whopping 130%, ballooning from a stable supply of around $5 billion to an almost unfathomable $11.8 billion today. The coin leading and almost completely driving this growth is the familiar $USDC, which now holds almost 100% of Solana’s supply of any stablecoin.

Stablecoin Supply on Solana Surges 130% YTDSince the start of the year, @Solana stablecoin supply has jumped from $5B to $11.8B, with $USDC leading at $9.2B—similar to $Base, where it accounts for 92% of stablecoins.

Meanwhile, $USDC supply has risen 32% YTD, reaching $58B.https://t.co/MRdMWqxvO9

— CryptoRank.io (@CryptoRank_io) March 13, 2025

The post Stablecoin Supply on Solana Surges 130% YTD, $USDC Leads at $9.2B—CryptoRank.io appeared first on CryptoRank.io.

Circle’s $USDC Dominates the Market

The biggest force driving this growth is $USDC, the stablecoin issued by Circle, which has by now reached a total supply of $58 billion across all blockchains. While the supply of all cryptocurrencies is up this year, the expansion of $US二日coin is especially pronounced. Issued by Circle, a company also closely involved with the development of the Solana blockchain, $USDC is a substantial and growing part of the cryptocurrency economy on Solana.

The strategy used by Circle in minting $USDC across different blockchain networks has greatly helped in making the stablecoin popular and useful. On Solana, $USDC now makes up the sizable majority of stablecoins and has captured 78% of the entire stablecoin supply on the network. This surge in the $USDC supply on Solana demonstrates the trust and preference of the users and network for the coin, largely due to its reputation for speed, cost-effectiveness, and strong regulatory compliance.

Recently, Circle minted another $USDC on Solana, adding to its dominance on the blockchain. This represents just the latest of several minting events by Circle in 2025. Since January 1st, Circle has minted a staggering 10 billion $USDC across a variety of blockchain networks, further solidifying the stablecoin’s position as a leading player in the crypto market.

The Rise of Solana’s Stablecoin EcosystemA stablecoin isn’t so stable; in fact, the whole concept is still up for debate. Decentralized finance (DeFi) is increasingly relying on stablecoins, and stablecoins are issuing more and more tokens on Solana. Here are some main points:

Stablecoin usage is increasing in DeFi.

Stablecoins are issuing more tokens on Solana.

In Solana, stablecoins are becoming mainstream.

Solana’s blockchain, which is noted for its high-speed transaction capabilities and low fees, has been an alluring platform for DeFi projects and users looking to perform transactions in a way that’s efficient and effective. The market’s desire for fast, low-cost stable assets that can be transacted in and built upon in the burgeoning DeFi space is what we see reflected in the growth of stablecoin supply on Solana. In particular, we see this in the growth of $USDC on Solana.

Solana has speed and scale, but it is also robust in terms of ecosystems. This is where Solana has a genuine competitive advantage in the story of decentralized finance, because the kinds of decentralized apps that are being built on Solana can use stablecoins like $USDC to offer users with experience that is pretty similar to the Netflix, Amazon, or Apple experiences with which most of us are familiar.

The Broader Impact of Circle’s Minting Strategy

Circle’s aggressive minting strategy has led to the issuance of 10 billion $USDC since the start of 2025, not just expanding its share of the market on Solana but indicating a trend in the cryptocurrency market where stablecoins are becoming integral to the crypto economy. With the regulatory spotlight on this sector getting ever more intense, $USDC seems to be emerging as a go-to stablecoin for both institutions and retail investors in search of a reliable digital dollar equivalent.

Circle just minted another 250M $USDC on #Solana.$USDC supply on Solana: $9.2B, which is 78% of all stablecoins on the chain.

On $Base, $USDC accounts for 92% of stablecoins.

$USDC supply has risen by