Summary
- The supply of stablecoins based on Solana surged by more than 7% in a week, reaching a 2-year high.
- It was reported that in uncertain market conditions, investors are moving to stablecoins like USD Coin (USDC).
- It was added that USDC is the preferred coin in Solana DeFi, accounting for 74.4% of the total stablecoin supply.
The supply of stablecoins based on the Solana (SOL) blockchain has surged by more than 7% in a week.
On the 14th, Solana blockchain analytics platform SolanaFloor stated, "The supply of stablecoins on Solana increased by 7.11% over the past 7 days, reaching $5.89 billion, marking a 2-year high."
SolanaFloor explained, "In an uncertain market, investors are moving to stablecoins like USD Coin (USDC)."
The media added, "USDC is the preferred coin in Solana DeFi (decentralized finance), accounting for 74.4% of the stablecoin supply."
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.![Dow Tops 50,000 for First Time Ever as “Oversold” Narrative Spreads [New York Stock Market Briefing]](https://media.bloomingbit.io/PROD/news/1c6508fc-9e08-43e2-81be-ca81048b8d11.webp?w=250)
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