The market capitalisation of stablecoins on the Solana blockchain surged by about $900m within 24 hours, according to industry data.
Total stablecoin value on Solana rose to roughly $15.3bn as of Tuesday, figures from DeFiLlama showed.
The sharp increase followed the launch of JupUSD by decentralised finance platform Jupiter in partnership with Ethena.
Circle’s USDC continues to dominate Solana’s stablecoin ecosystem, accounting for more than two-thirds of the network’s total supply.
Analysts said the growth reflects rising investor activity as Solana positions itself as a hub for onchain capital markets.
Stablecoin settlement volumes rose 87% in 2025, according to Moody's Investors Service.
Moody’s said stablecoins have become essential infrastructure for tokenised real-world assets such as property, art and collectibles.
Industry forecasts suggest the tokenised real-world asset market could reach $30tn by 2030.
Overcollateralised stablecoins backed by cash and government debt are approaching a combined market value of $300bn.
In July 2025, US President Donald Trump signed the GENIUS Act into law to regulate payment stablecoins.
The legislation requires stablecoins to be fully backed by high-quality liquid assets and excludes algorithmic models.
At the time of reporting, Solana price was $136.73.