Solana is seeing a short-term rally as stablecoin launches, institutional capital inflows, and technical rebound signals converge. The Solana-based stablecoin JupUSD, launched by the Jupiter decentralized exchange, is composed of 90% BlackRock’s tokenized fund BUIDL and 10% USDC.

Circle has issued an additional $1 billion in USDC on the Solana network, expanding the ecosystem’s stablecoin supply to roughly $1.75 billion. The development is viewed as boosting both DeFi usage and on-chain payments.

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