According to data from Token Terminal, Solana’s stablecoin market cap has hit a new all-time high of $15 billion. Stablecoin provide on the SOL community has surged by a whopping 200% over the past yr (YoY). Stablecoins have develop into a cornerstone of the crypto business over the previous couple of years. Let’s focus on what’s pushing stablecoin adoption.
What’s Pushing Solana’s Stablecoin Provide To New All-Time Highs?
Solana’s current surge in stablecoin provide comes amid a bigger surge in stablecoin adoption. Based on Token Terminal, stablecoin holders are at an all-time excessive, breaching the 200 million mark.
Stablecoin adoption might have surged as a result of Trump administrations’ pro-crypto stance. The US handed the GENIUS Act (Guiding and Establishing Nationwide Innovation for U.S. Stablecoins) final yr, bringing extra readability to the business. The GENIUS Act has seemingly led to a surge in investor sentiment round stablecoins.
The rise in stablecoin holders might have been additional propelled as a result of bear market, resulting in traders liquidating their crypto holdings, choosing stablecoins till the bull market returns. The crypto market confronted a steep value correction in October 2025. Buyers might have moved their funds from cash reminiscent of Bitcoin (BTC), Ethereum (ETH), XRP, and many others., to stablecoins reminiscent of USDT, USDC, RLUSD, and many others. Stablecoins preserve the worth of the coin in a 1:1 ratio with the US greenback. Furthermore, the GENIUS Act made it obligatory for issuers to be totally backed.
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The adoption for stablecoins is anticipated to proceed surging over the approaching years. Nevertheless, Financial institution of America CEP Brian Moynihan has expressed some fear across the pattern. Moynihan believes that interest-bearing stablecoins may drain $6 trillion from financial institution deposits. The transfer may result in elevated borrowing prices for small companies that depend on conventional financial institution lending.
