Stablecoin Growth on Solana - Two institutional stablecoins, USDG and PYUSD, have reached $655 million and $1 billion in outstanding supply on Solana, respectively [1] - PYUSD grew from $170 million to $1 billion in 2025 [2] - USDG reached $655 million within months of launch [2] - Crypto-native stablecoins like USDS and USDe followed similar trajectories, crossing $1 billion in their first year and reaching $99 billion and $91 billion currently [2] Institutional Adoption and Potential Impact - USDG is issued by Paxos for the Global Dollar Network, which includes exchanges like Robinhood and OKX, neobanks, fintechs, wallets, and infrastructure providers [1] - PYUSD is issued by Paxos for PayPal [1] - USDG is held by 7,203 unique addresses on Solana, while PYUSD is held by 45,790 [3] - Robinhood reported 268 million funded accounts in Q3, and PayPal reported 227 million monthly active accounts [3] - If institutional stablecoin issuers leverage their reach, it could shift Solana's usage from speculative trading to payments [3]
X @Token Terminal π
Token Terminal πΒ·2025-11-06 18:33