Solana stablecoin market cap surges by $900 million in a day…on-chain payment infrastructure rises rapidly

The size of the stablecoin market within the Solana blockchain expanded sharply in a single day, drawing renewed attention to capital inflows into the network.

On the 8th (local time), according to Cointelegraph, the market capitalization of stablecoins on the Solana network increased by about $900 million over 24 hours. As a result, the Solana stablecoin market cap, according to DeFiLlama, expanded to around $15.3 billion.

This surge in the stablecoin market size coincided with decentralized finance platform Jupiter launching a new stablecoin, 'JupUSD'. JupUSD was developed in collaboration with synthetic stablecoin issuer Athena. Analysts say the inflow of the new stablecoin attracted large-scale liquidity in a short period.

Currently, the Solana stablecoin ecosystem is led by Circle's U.S. dollar stablecoin USDC. USDC accounts for more than 67% of the total stablecoin market cap on the Solana network. Its relatively fast processing speed and low fees are said to be absorbing demand for stablecoin payments and settlements.

The market interprets this increase as part of Solana's evolution into 'Internet Capital Markets'. In a structure where asset transfers and risk management are carried out via on-chain rails, stablecoins serve as the basic means of value transfer.

The importance of stablecoins is growing further with the spread of real-world asset tokenization (RWA). According to Moody's, stablecoin payment transaction volume increased by 87% during the year 2025. Moody's evaluated that stablecoins are a core infrastructure supporting the liquidity and settlement of tokenized real-world assets.

Traditional finance expects the real-world asset tokenization market to grow to about $30 trillion by 2030. Accordingly, stablecoins are also considered one of the fastest-growing areas of on-chain finance. Currently, the market capitalization of stablecoins that are backed one-to-one by highly liquid assets such as cash and government bonds is estimated to be approaching about $300 billion.

Meanwhile, in the United States, the regulatory framework for stablecoins is also being organized. Under the GENIUS Act, signed by U.S. President Donald Trump in July 2025, regulated payment stablecoins must be backed one-to-one by highly liquid assets. Algorithmic stablecoins are not recognized as regulated stablecoins, and structures in which issuers directly share profits with users are also restricted.