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Solana's stablecoin ecosystem just hit a remarkable $15B market cap milestone, nearly doubling from $7B at the end of 2024. In just 24 hours, $900M in new stablecoins were minted, signaling strong demand.
USDC dominates the landscape with $9.2B in circulation, commanding 65% of the total market share. Beyond stablecoins, the broader ecosystem is firing on all cylinders—memecoin market cap climbed to $44B this week, with Bonk surging 50% over the past seven days. Week-over-week, TVL expanded by 12.5%, reflecting growing user participation across DeFi protocols.
What's particularly bullish? Western Union is gearing up to launch a native Solana stablecoin sometime in the first half of 2026. This institutional-grade move signals serious mainstream adoption momentum. The combination of record stablecoin growth, booming memecoin activity, and strengthening on-chain metrics paints a picture of a vibrant, rapidly maturing ecosystem.