Solana Stablecoin Supply Hits $13.1 Billion with 154% YTD Growth; USDC Surpasses $10B; Polygon Supply $2B

Solana’s ecosystem has emerged as a dominant force in the cryptocurrency space, with six of the top ten fee-generating protocols operating on Solana or Solana itself. Stablecoin issuers account for two of the remaining top protocols, with one each on Base and Ethereum. The stablecoin supply on Solana has reached a new all-time high of $13.1 billion, driven primarily by USDC, which surpassed $10 billion on the network for the first time. Since the start of 2025, stablecoin supply on Solana has increased by 154.39%. In comparison, Polygon’s stablecoin supply grew by 23.3% quarter-over-quarter to $2 billion. Polygon also reported a 4.4% increase in daily active addresses and a 68.2% rise in daily NFT trading volume in Q1 2025, alongside the launch of Polygon Agglayer, which enables secure cross-chain interoperability. On a broader scale, the total stablecoin market capitalization reached $238 billion, up 2.12% month-over-month, with USDC’s market cap hitting a new all-time high of $62.1 billion. Non-USD fiat stablecoins increased by 30% to $533 million, marking their highest level since April 2022. This is an AI-generated article powered by DeepNewz, curated by The Defiant. For more information, including article sources, visit DeepNewz . To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io

Source: The Defiant