Solana Stablecoin Landscape Transforms: Non-USDC/USDT Share Jumps to 20%

Major Shift in Stablecoin Ecosystem

Over the past year, Solana's stablecoin ecosystem has seen a major transformation. The share of stablecoins other than USDC and USDT has surged from just 3% to about 20%, showcasing a growing diversification within the network's stablecoin landscape.

Wide Range of Stablecoin Deployments

Solana now supports multiple emerging stablecoins, including PYUSD, USDG, and USD1. Additionally, more than a dozen other stablecoins have been deployed, including non-dollar-denominated options like the Swiss franc-backed VCHF and euro-based EURC.

Increased Ecosystem Vitality

This trend not only highlights the diversification of Solana's stablecoin offerings but also reflects the chain's growing appeal in attracting new projects and capital flows.

• Solana's stablecoin ecosystem is rapidly expanding
• Stablecoins beyond USDC and USDT are gaining ground
• Non-dollar stablecoins are also gaining support