Kamino: USDG Becomes the Sixth Largest Stablecoin in the Solana Ecosystem in Five Months, with a Total Circulation of 120 Million and the Highest Lending Rate on the Platform

Odaily Planet Daily reported that Kamino announced on the X platform that after five months, USDG has become the sixth largest stablecoin in the Solana ecosystem, with a circulation of $120 million. Of this, $75 million is deployed on Kamino Lend. Kamino distributes over $280,000 in monthly rewards, with more than $200,000 allocated to lending, aiming to incentivize active usage rather than passive deposits. Of the $80 million currently provided, nearly $60 million is lent out, making USDG the asset with the highest lending rate on Kamino.