Summary
- The market capitalization of Solana-based stablecoins doubled in a month.
- The supply of stablecoins increased by 73% following President Trump's issuance of a meme coin.
- The market cap of stablecoins rose from $5.1 billion at the beginning of January to $11.4 billion by the end of the month.
The market capitalization of stablecoins on the Solana (SOL) blockchain has more than doubled in a month.
On the 3rd (local time), Cointelegraph reported, "The market cap of Solana-based stablecoins has more than doubled since January," and "after President Trump's issuance of a Solana-based meme coin, the supply of Solana stablecoins increased by 73%."
Meanwhile, according to DeFiLlama data, the market cap of Solana-based stablecoins increased from $5.1 billion at the beginning of January to $11.4 billion by the end of the month.
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