Solana Stablecoin Market Cap Surges as RWA Market Grows

The market capitalization of stablecoins on the Solana layer-1 blockchain increased by $900 million in a single 24-hour period, reaching $15.3 billion, according to DeFiLlama. This surge coincided with the launch of Jupiter's JupUSD stablecoin, developed with Ethena. USDC, Circle's dollar-pegged token, still dominates Solana's stablecoin ecosystem, accounting for over 67% of the total market cap. This growth reflects Solana's increasing role as a hub for Internet capital markets, where value transfer relies on onchain rails. Stablecoins are considered critical infrastructure for the tokenization of real-world assets (RWAs), which require stablecoins for liquidity and settlement. The RWA market is projected to reach $30 trillion by 2030, with stablecoins leading this expansion. Furthermore, the article notes that under the US GENIUS Act, signed in July 2025, regulated payment stablecoins must maintain a 1:1 backing with high-quality liquid assets, excluding algorithmic models.

(Source：Cointelegraph)