TL;DR
- The supply of stablecoins on Solana increased by 130% in 2025, rising from $5 billion to $11.8 billion, mainly due to the issuance of USDC.
- The global market capitalization of stablecoins reached a record $228.35 billion, with USDT leading with a 62.94% market share.
- The U.S. Senate approved the GENIUS Act, a bill to regulate payment stablecoins at the federal level.
The supply of stablecoins on the Solana network has grown significantly in 2025. According to recent data, the total amount of stablecoins has increased by 130%, from $5 billion to $11.8 billion.
Why Are There More Stablecoins on Solana?
This increase is mainly due to Circle’s continuous issuance of USDC, which in the early months of the year has generated an additional $250 million. Currently, USDC accounts for 92% of the stablecoin supply on Solana, which is approximately $9.2 billion. SOL has been widely adopted as a payment platform and as a base for stable assets within the blockchain ecosystem.
The global stablecoin market has also expanded significantly. The market capitalization of all stablecoins reached $228.35 billion, a historical record. USDT continues to dominate, with a 62.94% market share. Despite the challenges facing the crypto market, stablecoins remain a crucial part of the decentralized financial infrastructure, enabling fast and secure transactions without the price fluctuations typical of other cryptocurrencies.
A Bill to Regulate Stablecoins
Meanwhile, the U.S. Senate Banking Committee recently approved a bill, known as the GENIUS Act, which aims to regulate payment stablecoins at the federal level. The bill was approved with a vote of 18 to 6 and now must pass through the full Senate before being sent to the president for signing.
The bill seeks to establish clear regulations for stablecoin issuers in the United States, which could offer a safer and more stable framework for their future use. Despite its broad support, some lawmakers have expressed concerns about its impact on national security, and much debate remains before its implementation.
Stablecoins are the future of decentralized finance, and their importance in the global economic system is becoming increasingly evident. Their growing supply on platforms like Solana, along with the regulatory discussions, shows that we are on the right path toward their widespread adoption
