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Solana leads weekly stablecoin growth: Surges above $5 Billion
The recent surge in global stablecoin marketcap has hit a new high, reaching over $200 million for the first time in history. Meanwhile, Solana has taken the top spot by leading weekly stablecoin growth, with its stablecoin marketcap jumping back above $5 billion.
According to the latest data, Solana added roughly $424.87 million to its stablecoin this past week, making it the top gainer in terms of stablecoin growth over the last seven days. The majority of these gains were contributed by USDT and USDC stablecoins.
Solana’s impressive performance on multiple fronts has been a hallmark of 2024. In addition to its user growth, transactions, and stablecoin count, the network has made significant progress in facilitating liquidity and accessibility within its WEB3 ecosystem.
Source: ambcrypto.com
