Solana’s Stablecoin Supply comes almost $ 13 billion, with the network being dominating more and more Stablecoin volumes.
Summary
- Solana becomes dominant in Stablecoins, with the range of almost $ 13 billion
- The network processes nearly 50% of all USDC transfers
- Nicky Scannella from Marinade Labs explains why users choose Solana for Stablecoins
Stablecoins quickly become the backbone of Crypto and Solana captures an increasingly larger part of the cake. The network now host $ 12.8 billion in Stablecoins, a figure that will soon be able to exceed his highlights of April 2025 at $ 13 million.
What is more, the Solana network processes Almost half of all USDC transactions, with Circle recently smoke Another 250,000 USDC on the network. To explain why Solana Stablecoins starts to dominate, Crypto.news reached to Marinade Labs, a native Solana protocol locked by more than $ 2.4 billion.
Nicky Scannella, responsible for business development at Marinade Labs, explained what makes Solana so attractive for Stablecoin transfers.
Crypto.news: Solana now houses more than $ 12 billion in Stablecoin Supply – What drives this inflow compared to Ethereum or other L1s?
Nicky Scannella: Solana combines liquidity, security and efficiency on a scale, with the highest activity on the chain of each large chain. That makes it the best house for Stablecoins. Add Momentum of SOL ETF approvals and fresh institutional importance of companies such as BlackRock and Grayscale, and the intake is logical.
CN: How do you think the changing US and the global regulation of stablecoins influence protocols such as marinade?
NS: Marinade welcomes regulatory frameworks – we are prepared, especially with Marinade Select. Building clear rules are confident without sacrificing the decentralized nature of Solana. As the adoption of Stablecoin grows, it also forces us to expand our product line with more stable coined solutions, which is an exciting direction for us.
CN: Trandfi institutions and large technical projects are increasingly looking into the launch of their own Stablecoins. Given that many of these companies control the driveways of the users, how can Defi compete in the Stablecoin-Rijk?
NS: these launches are not competition; They are bridges between Tradfi and Crypto. Defi’s edge is openness and inclusiveness. Marinade helps Power Solana by making it more decentralized, which means that the Stablecoins Foundation is needed in a sustainable way.
CN: Marinade has recently been integrated with USDG Stablecoin from Paxos. What is the meaning of this movement, and what has you motivated to pursue the partnership?
NS: We work together with USDG because it promotes aligned stimuli – the Kernethos of Solana. At the same time, USDG fits perfectly with our push to build more stablecoin -based products, which is a growing need if adoption speeds up. This integration makes it more accessible and strengthening decentralization on Solana.
