In the past 30 days, Solana has outperformed both Ethereum and Tron in attracting stablecoins, particularly USDC, thanks to regulatory advantages afforded to Circle.

Solana Surpasses Ethereum and Tron in Stablecoin Growth

According to data from Artemis, over $5.5 billion worth of stablecoins, predominantly USDC, have been minted on Solana, which exceeds the $4.5 billion minted on Ethereum and significantly more than the amount on Tron.

Solana is #1 in stablecoin supply growth in the last month. Source Tweet

Continuing this trend, Circle issued $250 million in USDC on Solana recently, taking their total issuance on the network to over $7 billion within six weeks of 2025.

USDC Rising Transactions: Aftermath of EU Tether Ban?

USDC’s popularity has surged, with daily transactions increasing by 119% year-to-date. This follows a decline in USDT’s market dominance, which dropped from 73% a year ago to 65%.

USDC is becoming increasingly popular, with the number of daily transactions increasing by over 119% in the last year! Source Tweet

This has raised USDC’s market share to 25.5%. With continued support from regulatory bodies in the U.S., it is likely that Circle’s market share will keep growing.

What’s Driving USDC and Stablecoin Demand in Solana?

Solana’s rapid scalability and low fees are attracting users looking for alternatives to Ethereum. Recent launches of meme coins on Solana have further solidified its position in the crypto ecosystem. The anticipated approval of a Solana ETF could drive even more investments into the platform.

Explore More: 10 Coins with High Returns: Crypto Forecast 2025

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