The market capitalization of stablecoins on the Solana layer-1 blockchain surged by $900 million over a 24-hour interval on Tuesday.
Stablecoins, blockchain tokens backed by fiat forex or debt property, surged to a market cap of $15.3 billion on the Solana community, in accordance with DeFiLlama.
The dramatic surge got here as decentralized finance platform Jupiter launched its JupUSD stablecoin, developed in partnership with artificial stablecoin issuer Ethena.
Solana’s stablecoin ecosystem is dominated by Circle’s USDC (USDC), a dollar-pegged token, which accounts for over 67% of the community’s complete stablecoin market cap.
The surge in stablecoins on Solana displays heightened funding exercise and investor curiosity, because the Solana ecosystem shifts towards changing into a hub of Web capital markets, the place worth and threat are transferred totally by means of onchain rails.
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Stablecoins develop into vital plumbing as property transfer onchain
Stablecoin settlement quantity elevated by 87% in 2025, in accordance with monetary score company Moody’s Buyers Service.
Stablecoins are vital infrastructure for tokenized real-world property (RWAs), that are bodily or conventional property represented onchain, Moody’s stated. Tokenized RWAs require stablecoins for onchain liquidity and settlement.
Tokenizing property opens new use instances, like having the ability to use historically illiquid asset lessons akin to artwork, actual property and collectibles as backing collateral for loans in DeFI functions.
The RWA market is projected to surge to $30 trillion by 2030, in accordance with a number of conventional monetary establishments.
Stablecoins are among the many leaders of that progress. The entire market cap of overcollateralized stablecoins, tokens backed 1:1 by fiat money deposits and authorities debt securities, is nearing $300 billion, in accordance with RWA.xyz.
Underneath the GENIUS Act, which was signed into legislation by US President Donald Trump in July 2025, regulated fee stablecoins have to be backed on a one-to-one foundation with high-quality liquid property, successfully excluding algorithmic or under-collateralized fashions.
Algorithmic stablecoins, which use software program or complicated market trades to keep up their fiat forex pegs, should not acknowledged underneath the GENIUS Act.
The GENIUS Act additionally prohibits stablecoin issuers from sharing yield straight with prospects, a provision that has created debate concerning the future position of banks.
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