PANews reported on January 14 that according to SolanaFloor, the supply of stablecoins on the Solana chain has surged in the past seven days, rising to its highest point since September 2022. According to DefiLlama data, the supply of stablecoins on the Solana chain is currently US$5.89 billion, only 5.76% lower than the previous historical high of US$6.25 billion on June 4, 2022.

Solana’s growing stablecoin supply is largely due to recent activity from Circle, which has minted 1 billion new USDC tokens so far in 2025, according to Solscan data.