USDC's share on Solana falls to 44% as rival stablecoins grow
- —USDC holds about $7 billion on Solana and remains the network's largest stablecoin
- —World Liberty's USD1 grew to $1.32 billion, while Anchorage's USDGO reached $1.37 billion in 7 months
- —Total stablecoin supply on Solana exceeded $16 billion
- —Circle minted $1.25 billion USDC on Solana in 2 days, but redemptions are outpacing it
Why it matters: The growth of rival stablecoins reduces Solana's reliance on USDC but increases liquidity fragmentation and counterparty risks.
Source: SolanaFloor