2026-01-17 16:26:50

Solana's stablecoin landscape has undergone a significant shift over the past year. Non-USDC and non-USDT alternatives now represent roughly 20% of the chain's total stablecoin supply—a dramatic rise from just 3% twelve months ago.

This diversification reflects Solana's expanding ecosystem beyond the two dominant players. The network now supports an array of options including PYUSD, USDG, USD1, and more than a dozen additional deployments. What's particularly notable is the emergence of non-dollar denominated stablecoins: the Swiss franc (VCHF) and Euro offerings bring multi-currency functionality to the blockchain.

This trend underscores how Solana is evolving into a more robust infrastructure for global stablecoin adoption, catering to users seeking alternatives and localized currency exposure.

PYUSD0,03%

USD1-0,02%

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

7 Likes

Reward
7
7
Repost
Share

Comment

0/400

NFTArchaeologis

· 40m ago

From 3% to 20%, this is more like a natural evolution of the ecosystem rather than hype — the emergence of multi-currency stablecoins is to some extent replaying the story of early internet multilingual localization.

View OriginalReply0

WhaleShadow

· 3h ago

A reversal from 20% to 3%, is it real? Is the SOL ecosystem going to be independent and autonomous?

View OriginalReply0

NFTArtisanHQ

· 3h ago

ngl the real paradigm shift here isn't the numbers—it's watching stablecoins become actual financial primitives instead of just usd placeholders... kinda poetic tbh

Reply0

GateUser-a606bf0c

· 3h ago

20% surge from 3%. Solana is really catching up quickly. Finally, it's no longer being choked by USDC and USDT.

View OriginalReply0

ser_we_are_early

· 3h ago

A 20% increase to this level shows that everyone is really starting to shake off the shackles of USDC and USDT. I am optimistic about the multi-coin deployment in the Sol ecosystem.

View OriginalReply0

MetaLord420

· 3h ago

Solana's diversification trend of stablecoins is quite impressive, jumping from 3% directly to 20%... It feels like the ecosystem is gradually moving away from the dominance of USDC and USDT. Local currencies like vCHF and the Euro have also gone live, which truly represents the look of a genuine global infrastructure.

View OriginalReply0

MetaReckt

· 3h ago

20% from 3% to 20% in one year, this growth rate is a bit crazy. Is it genuine demand or hype? --- Wait, VCHF and Euro stablecoins? Isn't this starting to challenge the position of USDT? --- Forget it, it's just new coins and new stories anyway. Let's see in the next cycle. --- Multi-currency stablecoins are a good direction, but I'm just worried it might be a flash in the pan. --- With so many alternatives in the Sol ecosystem, is it about diversifying risk or increasing chaos? --- If non-US stablecoins really take off, then that's true decentralization. --- The on-paper data looks good, but are there real users?

View OriginalReply0