Solana adds $1B worth of stablecoins in December
The network now holds approximately $5 billion worth of stablecoins, mostly made up of USDC.
Solana onboarded an additional $1 billion in stablecoin total value in December, primarily in USD Coin (USDC), according to data from DefiLlama.
The inflows highlight accelerating stablecoin adoption and the Solana network’s rise to prominence in 2024, particularly in decentralized finance (DeFi).
Solana now hosts approximately $5 billion in stablecoin total value locked (TVL), with nearly $4 billion of that comprising USDC, according to the data.
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Author: Alex O’Donnell
