Solana’s on-chain stablecoin market cap jumped by $0.9 billion in a single day, rising to about $15.3 billion, according to DeFiLlama as of July 7. The surge followed Jupiter’s collaboration with Athena to launch the synthetic stablecoin JupUSD, attracting a rapid inflow of stablecoins and expanding liquidity across the Solana network. USDC from Circle now dominates Solana’s stablecoin ecosystem, representing more than 67% of the total market cap and solidifying its role as the network’s primary payments medium. Industry observers view Solana as moving toward an on-chain hub where value and risk move on-chain, bridging traditional finance and decentralized finance.
As assets move on-chain, stablecoins are emerging as essential infrastructure connecting traditional finance with DeFi. Moody’s Investors Service projects an 87% year-over-year increase in stablecoin payments in 2025, deeming stablecoins essential plumbing for tokenized real-world assets. Tokenization can enable assets such as real estate, art, and collectibles to be used as DeFi loan collateral. Several traditional financial institutions anticipate the real-world asset market reaching roughly $30 trillion by 2030, with stablecoins expected to lead that growth.
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