Data: The supply of stablecoins on the Solana chain is 5.89 billion USD, reaching a two-year high

ChainCatcher reports that, according to SolanaFloor, the current supply of stablecoins on the Solana chain is $5.89 billion, only 5.76% lower than its previous historical high (i.e., $6.25 billion on June 4, 2022).

The continuous growth of Solana's stablecoin supply is largely due to Circle's recent activities. According to data from Solscan, Circle has minted one billion new USDC tokens so far in 2025.