Stablecoin szn continues on Solana.
Here’s what shipped across Solana stablecoins last week:
→ USD1, the stablecoin issued by @worldlibertyfi launched on Solana in collab with @RaydiumProtocol @bonk_inu @KaminoFinance.
→ @Kalshi expanded Solana prediction markets, now supporting native deposits in SOL and USDC.
→ In under 4 days since launch, @jup_lend hit $800M in Total Market Value, with $344M+ in stables supplied and $100M+ bridged from other chains.
→ Users can earn up to 58% yield on @maplefinance's $syrupUSDC by borrowing and looping on @kaminofinance.
→ @reflectmoney , the liquid yield on Solana coming soon.
→ @hylo_so deposits have grown 10x, from $2.1M to $22.7M, in just over the past month and a half.
→ @blupryntco completed its Know Your Issuer pilot with USDC & PYUSD, and integrated with the Solana Attestation Service to enable onchain token verification.
Did I miss anything?
Shout it out in the replies below.
Stablecoin szn continues on Solana.
Here’s what you might’ve missed last week:
→ The first U.S. state-issued stablecoin, FRNT by the Wyoming Stable Token Commission, is coming to Solana.
→ ~62% of USDG's total supply is now on Solana, making it @global_dollar's biggest chain.
→ $750M USDC was minted on Solana in ~30 minutes, marking one of the largest single-day issuances on record. (s/o @range_org)
→ Solana has had ~3.3M USDC senders in August so far - the highest of any chain. (s/o @token_terminal)
→ @hylo_so crossed $20M in TVL, with hyUSD maintaining ~175% collateral ratio and sHYUSD at ~15% APY.
→ Alpha for the yield maxis: You can borrow USDC on @KaminoFinance at zero cost and earn over 22% by looping with ONyc by @onrefinance 👀
→ Solana Stable Future - a stablecoin-focused event with 250 builders and institutions is happening on Sept 23 in Seoul 🇰🇷. Reach out to @YouKnowEno to speak or sponsor.
What are you most excited about? Let me know in the comments👇
PS: If you're in LA building something cool around stablecoins, Solana, or crypto in general - do reach out to me!
7.36K
57
The content on this page is provided by third parties. Unless otherwise stated, OKX is not the author of the cited article(s) and does not claim any copyright in the materials. The content is provided for informational purposes only and does not represent the views of OKX. It is not intended to be an endorsement of any kind and should not be considered investment advice or a solicitation to buy or sell digital assets. To the extent generative AI is utilized to provide summaries or other information, such AI generated content may be inaccurate or inconsistent. Please read the linked article for more details and information. OKX is not responsible for content hosted on third party sites. Digital asset holdings, including stablecoins and NFTs, involve a high degree of risk and can fluctuate greatly. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition.