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Solana·2025-08-31 12:38

RT Tamar 天马 (@tamarincrypto)I’ve been getting a lot of inbound questions about how different stablecoins on Solana are being used: who holds them, how they move and how they interact with different stakeholders across the ecosystem.I’ll be sharing more insights on this topic, one stable at a time.Starting with @circle's USDC, here’s what stands out:→ ~$12B USDC supply on Solana→ ~$2B held in @SquadsProtocol wallets→ A large portion is held on CEXs, primarily @coinbase and @binance , which together hold arou ...