Over the past few years, cryptocurrency speculation and stablecoin usage have grown at the same rate, with an increase of approximately 5.5 times. Chart: Percentage change in monthly DEX trading volume and stablecoin transfer volume as of January 2023.

The fastest-growing stablecoins on the Solana platform are PayPal's PYUSD and the global dollar network's USDG. Over the past 90 days, PYUSD's supply has increased by approximately 378%, and USDG's by approximately 343%. Both stablecoins are issued by publicly traded companies.

The global supply of stablecoins has reached a record high of approximately $300 billion, an increase of about $100 billion so far this year.

ICYMI: @Ripple is the seventh largest stablecoin issuer on @ethereum, having issued over $800 million worth of RLUSD on-chain.

ICYMI: Based on the number of stablecoin transfers per month, @Celo is currently the second-ranked blockchain.

Level 2 support includes: @base @arbitrum @Celo @Optimism @zksync @world_chain_ @soneium @LineaBuild @unichain @Starknet @inkonchain @Scroll_ZKP

Monthly transaction volume for Ethereum L1 and L2 nodes. L2 nodes have expanded Ethereum's reach and network effects. Total throughput for L1 and L2 nodes reached an all-time high, processing approximately 800 million transactions in October. L2 nodes include: @base, @arbitrum, @Celo, @Optimism, @zksync, @world_chain_, @soneium, @LineaBuild, @unichain, @Starknet, @inkonchain, and @Scroll_ZKP.

If you are… 1) A stablecoin startup 2) Built on @solana 3) Not yet listed on Token Terminal Feel free to DM us! 👋📊

The fastest-growing stablecoins on the Solana platform are PayPal's PYUSD and the global dollar network's USDG. Over the past 90 days, PYUSD's supply has increased by approximately 378%, and USDG's by approximately 343%. Both stablecoins are issued by publicly traded companies.

The supply of stablecoins on Solana is near an all-time high, at approximately $14.5 billion.