Solana Stablecoin Supply Tops $17 Billion, Artemis Data Shows

According to Artemis (crypto analytics platform), stablecoin circulation on Solana reached a record high, underscoring rising on-chain dollar liquidity on the network.

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Terms & Concepts
  • Stablecoin: A cryptocurrency designed to maintain a stable value, usually by being pegged to a fiat currency such as the U.S. dollar.
  • Solana: A blockchain network known for high throughput and low transaction costs, commonly used for trading, payments, and decentralized applications.
  • On-chain liquidity: Funds available directly on a blockchain network that can support trading, transfers, and other crypto activity.