The market capitalization of stablecoins on the Solana layer-1 blockchain surged by $900 million over a 24-hour interval on Tuesday.
Stablecoins, blockchain tokens backed by fiat forex or debt property, surged to a market cap of $15.3 billion on the Solana community, in line with DeFiLlama.
The dramatic surge got here as decentralized finance platform Jupiter launched its JupUSD stablecoin, developed in partnership with artificial stablecoin issuer Ethena.
Solana’s stablecoin ecosystem is dominated by Circle’s USDC (USDC), a dollar-pegged token, which accounts for over 67% of the community’s complete stablecoin market cap.
The surge in stablecoins on Solana displays heightened funding exercise and investor curiosity, because the Solana ecosystem shifts towards changing into a hub of Web capital markets, the place worth and threat are transferred totally by way of onchain rails.
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Stablecoins turn into essential plumbing as property transfer onchain
Stablecoin settlement quantity elevated by 87% in 2025, in line with monetary score company Moody’s Buyers Service.
Stablecoins are essential infrastructure for tokenized real-world property (RWAs), that are bodily or conventional property represented onchain, Moody’s stated. Tokenized RWAs require stablecoins for onchain liquidity and settlement.
Tokenizing property opens new use instances, like having the ability to use historically illiquid asset lessons comparable to artwork, actual property and collectibles as backing collateral for loans in DeFI functions.
The RWA market is projected to surge to $30 trillion by 2030, in line with a number of conventional monetary establishments.
Stablecoins are among the many leaders of that development. The overall market cap of overcollateralized stablecoins, tokens backed 1:1 by fiat money deposits and authorities debt securities, is nearing $300 billion, in line with RWA.xyz.
Underneath the GENIUS Act, which was signed into regulation by US President Donald Trump in July 2025, regulated fee stablecoins should be backed on a one-to-one foundation with high-quality liquid property, successfully excluding algorithmic or under-collateralized fashions.
Algorithmic stablecoins, which use software program or advanced market trades to take care of their fiat forex pegs, will not be acknowledged below the GENIUS Act.
The GENIUS Act additionally prohibits stablecoin issuers from sharing yield instantly with clients, a provision that has created debate concerning the future position of banks.
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