Solana‘s stablecoin market cap reached a new all-time high of $15 billion on the SOL network, driven by a 200% year-over-year increase in supply, data shows. Stablecoin holders have topped 200 million, supporting the inflows.
The GENIUS Act passed last year, bringing regulatory clarity and making full backing compulsory (Ed. note: the law requires issuers to be fully backed). This regulatory change has likely supported increased investor interest.
A steep market correction in October 2025 moved some investors from coins into stablecoins such as USDT, USDC and RLUSD. Investors used stablecoins to preserve dollar value until markets recover.
Meanwhile, Bank of America CEO Brian Moynihan warned interest-bearing stablecoins could pull $6 trillion from traditional bank deposits. LATEST: 🏦 Bank of America CEO Brian Moynihan argues interest-bearing stablecoins could pull $6 trillion from traditional bank deposits, potentially raising borrowing costs for small businesses that rely on bank lending. The warning was shared on Twitter.
Adoption is expected to continue rising in coming years as supply and holder counts grow.
