Solana's (SOL) Stablecoin Market Cap Soars 156% in 2025, to Hit a New Record at $12 Billion

Solana's stablecoin supply has surged by 156% in 2025, pushing past $13 billion to hit a new all-time high, according to a recent post by crypto analyst Kali Yu.

Stablecoins on Solana recently surged past $13B in issuance, setting a new ATH

@calilyliu on why Solana is purpose-built for moving digital dollars at internet speed pic.twitter.com/WYPPg0LEG6

— Rishad Hovis (@RishadHovis) May 7, 2025

Circle's USDC (USDC) is the preferred stablecoin among Solana users, with a 77% market share in the network's stablecoin ecosystem.

Stablecoins are crucial to Solana's decentralized finance (DeFi) ecosystem, driving liquidity and increasing demand for SOL, which is used for transaction fees and staking, potentially pushing its price upward.

Furthermore, increased stablecoin inflows typically correlate with rallies in SOL price. For instance, a 230% rally in SOL price was accompanied by a 160% increase in stablecoin inflows from $1.55 billion to $4.06 billion, as seen in the graph below.

The post Key Takeaways: Solana’s Stablecoin Supply Hits $13 Billion Record, TVL Grows 25% first appeared on Benzinga.