Another Solid Week for Stablecoins on Solana!
Total USDC borrowed on @KaminoFinance surged by $100M in just over a week.
@humafinance bringing the 4th PayFi Summit back to Singapore during TOKEN2049 on October 1st.
@r2yield and @saros_xyz are partnering to launch $R2USD on Solana. Backed by T-Bills and private credit, R2USD offers real yield with ETF-style simplicity.
@circle minted $1.25B USDC on Solana this week, including $750M on Aug 8, 2025.
For the first time, @Tether_to USD crossed $2B in total supply on Solana.
@hylo_so raised $1.5M in seed funding and surpassed $10M TVL.
Hylo’s $HyUSD also crossed $5M in circulating supply.
@SkyEcosystem allocated over $4M USDS for utilisation; circulating supply surpassed 50M USDS.
@DriftProtocol joined @OndoFinance ’s Global Market Alliance alongside @SolanaFndn, @JupiterExchange, @TrustWallet, and more.
S&P Global Ratings issued its first-ever credit rating action for a stablecoin system: @SkyEcosystem Protocol ($USDS).
@onrefinance launched on Solana in collaboration with @KaminoFinance and @global_dollar . Users can borrow USDG against OnRe’s $ONyc and earn rewards.
@reflectmoney is a new tool that enables anyone to create stablecoins and capture yield spreads.
@SuperteamUK submitted its response to the FCA’s Stablecoin Consultation Paper.
@UnitasLabs is working with @orca_so to enable seamless swaps between USDu (Unitas’ yield-bearing stablecoin) and USDC.
Did I miss any exciting Solana stablecoin ecosystem updates? 👀
Do share in the comments👇
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