Solana’s Stablecoin Supply Rises by 73% Following Trump’s Memecoin Launch

Quick Summary:

Solana’s stablecoin supply has surged 73%, reaching $11.1 billion, following a spike in network activity driven by the launch of the TRUMP memecoin, according to Cointelegraph and research firm CCData.

Now the third-largest blockchain for stablecoins, Solana’s low fees and high transaction speed are attracting more users and institutional adoption.

With this rapid growth, Solana is challenging Ethereum and Tron in the stablecoin market.

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Article Details

Author / Journalist: Editor Team

Category: Crypto

Markets: India

Topics: Solana Solana stablecoin supply rises 73% after Trump memecoin Crypto News

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-02-01 @ 10:46:49 (15 hours ago)

News Timezone: GMT +8:00

News Source URL: bitcoinworld.co.in

Language: English

Article Length: 408 words

Reading Time: 3 minutes read

Sentences: 19 lines

Sentence Length: 22 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © BitcoinWorld

News ID: 25693041

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