Another solid week for stablecoins on Solana! Quick recap from this past week in case you missed it: → In August, total stablecoin supply on Solana crossed $11.8B (up 257.6% y/y) and stablecoin transfer volume crossed $295B (up 62% y/y). (s/o @blockworksres for the data) → @global_dollar's USDG supply on Solana crossed $340M - up 160% in just one month. (s/o @tokenterminal) → USD1 by @worldlibertyfi launched on Solana, with $110M+ in DEX trading volume processed through @RaydiumProtocol in the first 24 hours. → $4.75B USDC was minted on Solana last month, bringing its cumulative 2025 issuance on the network to $26.25B (s/o @SolanaFloor) → Stripe and Paradigm announced Tempo, a new payments-focused L1. @nocircuit breaks down how Solana already powers what Tempo is aiming for (and more): → @jup_lend hit $1B in total deposits in just 8 days, making it one of Solana’s fastest-growing protocols. → @reflectmoney, building software-as-a-stablecoin, announced a $3.75M fundraise led...
Stablecoin szn continues on Solana.
Here’s what shipped across Solana stablecoins last week:
→ USD1, the stablecoin issued by @worldlibertyfi launched on Solana in collab with @RaydiumProtocol @bonk_inu @KaminoFinance.
→ @Kalshi expanded Solana prediction markets, now supporting native deposits in SOL and USDC.
→ In under 4 days since launch, @jup_lend hit $800M in Total Market Value, with $344M+ in stables supplied and $100M+ bridged from other chains.
→ Users can earn up to 58% yield on @maplefinance's $syrupUSDC by borrowing and looping on @kaminofinance.
→ @reflectmoney , the liquid yield on Solana coming soon.
→ @hylo_so deposits have grown 10x, from $2.1M to $22.7M, in just over the past month and a half.
→ @blupryntco completed its Know Your Issuer pilot with USDC & PYUSD, and integrated with the Solana Attestation Service to enable onchain token verification.
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