Data: The supply of stablecoins on the Solana chain is $5.89 billion, reaching a two-year high

ChainCatcher news, according to SolanaFloor, the supply of stablecoins on the Solana chain is currently $5.89 billion, just 5.76% lower than the previous all-time high of $6.25 billion on June 4, 2022.

The growing supply of stablecoins on Solana is largely attributed to Circle's recent activities. According to data from Solscan, Circle has minted 1 billion new USDC tokens in 2025 to date.