State of stablecoins on @Solana: 1. Total supply peaked in early October 2025 and then retraced into December, but on-chain data now points to a renewed expansion trend.

2. Stablecoin holders on @Solana are expanding at record pace, diverging from recent supply contraction trends. The network now features an all-time high of 8.19 million unique wallet addresses holding stablecoins, highlighting broadening on-chain user adoption even as total stablecoin supply experienced a pullback in late 2025.

3. Stablecoin transfer volumes on @Solana are exhibiting a clear rebound, with a steady upward trend visible since March 2025. The latest chart highlights strong periodic spikes, especially in USDC-driven activity, and a continued rise in aggregate transfer volumes across leading stablecoins through Q4.

4. @Solana stablecoin DEX volume rebounded post-January 2025, with USDC swaps dominating growth and driving ongoing DeFi ecosystem activity.

5. @Solana stablecoin mints surged to new highs since September 2025, led by USDC expansion and diversified growth across multiple stablecoin issuers in Q4.

6. Stablecoin burns on @Solana rose sharply post-September 2025, reflecting elevated supply management and inflation control efforts led by USDC and other major issuers.