@solana's stablecoin market has surged 733% from $1.5 billion in December 2024 to $12.5 billion by April 2025, despite the broader market downturn.
The top 10 stablecoins on Solana by supply as of April 9th:
$USDC: $9,483,570,133
$USDT: $2,330,095,748
$USDY: $175,960,682
Stablecoins are still a sleeper narrative.
Everyone’s chasing the 5x, 10x, and 50x returns on memes. No one wants to “mess around” with stablecoins.
But here’s the thing: stablecoins are quietly becoming one of the most exciting sectors heading into 2025.
Consider this:
•
Solana stack to ditch the banks:
@KAST_official to easily spend stables
@uselulo to maximize yield on stables
@sphere_labs for a non CEX on-ramp
@perena for stable swaps
@phantom for defi stuff (duh)
What would you change?
I don't think people realize how massive a deal HyperLiquid having its own stablecoin actually is.
$M is currently sitting at a $242M supply.
There's $3.5B in stablecoins on @HyperliquidX in idle $USDC according to DeFi Llama.
Here's some hypothetical research on potential
Hyperliquid is impossible to ignore right now.
Up 80% in the past month, the Hyperliquid ecosystem now accounts for 70% of all DeFi perps volume (having done $1.5T total) and $1.4B in TVL.
With the HyperEVM now live, media coverage exploding, and a token on the rise, here’s why
Most people think they understand stablecoin adoption because they see "$240 billion market cap" and "$3.1 trillion volume."
They don't.
I just finished @m0foundation 's x @artemis new stablecoin report, and the most shocking insights have nothing to do with those headline
Study this flywheel: @usd_hl launched June 11th has already grown to $10m supply.
USDhl is a fiat-backed stablecoin built by @felixprotocol team on @HyperliquidX. USDhl is by powered by @m0foundation and over-collateralized by U.S. short-term treasuries
🔄 The USDhl Flywheel:
When I asked my wife which of the 4 @miladyinchrist’s I snagged should be my PFP, she said this one because:
1. I love the mountains
2. I reference the Sermon on the Mount frequently
A verse I ponder frequently…
“But seek first the kingdom of God and his righteousness, and
New companies building "stablecoins" are copying a business model that only worked because USDC and USDT got there first.
They're trying to be the manufacturer, wholesaler, AND retailer all at once.
Example: Circle manufactures USDC, manages the reserves, handles compliance,
Beyond USDC and USDT: Why $M by @m0foundation Could Revolutionize How Digital Dollars Work
Stablecoins have become a crucial part of the crypto ecosystem, with over $25 trillion in annual transaction volume. But despite their growing importance, most stablecoins still have
Today, M^0’s stablecoin platform has surpassed $150M in circulating supply.
With M^0, builders start with $M - a digital dollar building block, then customize features such as programmable yield distribution, add their brand, and access the shared liquidity of the network
Holding my $CSPR through this pump. 2 reasons:
- Staking rewards 👌🏼 roughly 25 $CSPR/day. May be $1.44 today but that’s $5/day at a .20 $CSPR.
- This is just the beginning of deployments. @Casper_Network is still young.
@TradingView:
Wow, can’t believe @sphere_labs is raising their fees for the on/off ramp services…
Going from 0% to 0.1% is just too much 😭
SIKE
Love what @0xdirichlet and the team is building. I’ll gladly pay that.
Highly recommend onboarding to Sphere. Can never have too many off-ramps
I’m happy to share that I’m starting a new position at @staystablexyz as Founding Partner | Writer stableminded at stable studios
When I first started writing my newsletter, Unstable Insights, I did not know where it would go.
All I knew was that:
1. I wanted to write content
