According to PANews, the supply of stablecoins on the Solana blockchain has surged over the past week, reaching its highest level since September 2022. DefiLlama data shows that the current supply of stablecoins on Solana is $5.89 billion, just 5.76% below the all-time high of $6.25 billion recorded on June 4, 2022.

The increase in Solana's stackablecoin supply is largely due to Circle's recent activity. Solscan data shows that Circle has issued 1 billion new USDC tokens in 2025, which has largely contributed to the increase in the supply of stablecoins on the Solana network.

Circle and Solana are partners now 200 $degen