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The Rise of Stablecoins and RWAs on Solana

Discover how stablecoins and RWAs are growing in the Solana ecosystem.
The Rise of Stablecoins and RWAs on Solana
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Alongside the recent ETFs surge, stablecoins and real-world assets (RWAs) have been the strongest paths to real-world adoption and augmenting existing financial systems with onchain economies.

Larry Fink’s mission of tokenizing the world leads as one of the most discussed memes of this cycle, a vision he’s followed up within BUIDL, Blackrock’s tokenized onchain fund. Stablecoins also remain central to discussions due to protocols like Ethena, Stripe's reentry via USDC payments, and new EU regulations like MiCA.

Although Ethereum and Tron are stablecoin hubs, Solana has notably risen here this cycle, with daily volumes exceeding $100 billion during peaks. RWA activity is also increasing on the network, with Ondo's USDY as DeFi collateral, Maple Finance's Jito partnership, and the Libre Fund's launch. 

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David Christopher

Written by David Christopher

609 Articles View all      

David is a writer/analyst at Bankless. Prior to joining Bankless, he worked for a series of early-stage crypto startups and on grants from the Ethereum, Solana, and Urbit Foundations. He graduated from Skidmore College in New York. He currently lives in the Midwest and enjoys NFTs, but no longer participates in them.

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