Solana Stablecoin Cap Jumps $900M as Jupiter Launches JupUSD
The market capitalization of stablecoins on the Solana layer-1 network rose by $900 million over a 24-hour period on Tuesday, bringing the total to $15.3 billion, according to DeFiLlama.
The jump followed the launch of JupUSD by decentralized finance platform Jupiter, developed in collaboration with synthetic stablecoin issuer Ethena.
Circle’s USDC (USDC), a dollar-pegged token, accounts for over 67% of Solana’s stablecoin market value.
The expansion of stablecoin supply on Solana coincides with increased on-chain activity as the network builds out infrastructure for internet-native capital markets.
Stablecoins seen as core infrastructure as assets migrate on-chain
Stablecoin settlement volumes increased by 87% in 2025, according to Moody’s Investors Service.
Moody’s said stablecoins serve as critical infrastructure for tokenized real-world assets (RWAs) — traditional or physical assets represented on-chain — by providing liquidity and settlement mechanisms.
Asset tokenization enables new applications, including the use of typically illiquid assets such as art, real estate and collectibles as collateral for loans in decentralized finance.
The RWA market is projected to reach $30 trillion by 2030, according to several traditional financial institutions.
The combined market capitalization of overcollateralized stablecoins — tokens backed 1:1 by fiat cash deposits and government debt securities — is nearing $300 billion, data from RWA.xyz shows.
Under the GENIUS Act, signed into law by US President Donald Trump in July 2025, regulated payment stablecoins must be backed on a one-to-one basis with high-quality liquid assets, effectively excluding algorithmic or under-collateralized models.
Algorithmic stablecoins, which rely on software or market mechanisms to maintain their pegs, are not recognized under the GENIUS Act.
The law also prohibits stablecoin issuers from distributing yield directly to customers, a measure that has prompted debate about the future role of banks.
#Altcoins#Stablecoin#Solana#RWA#RWA Tokenization
Stay informed, read the latest news right now!
Disclaimer
The content on TrustsCrypto.com is for informational purposes only and does not constitute financial or investment advice. Cryptocurrency markets are highly volatile, always do your own research before making decisions.
Some content may be assisted by AI and reviewed by our editorial team, but accuracy is not guaranteed. TrustsCrypto.com is not responsible for any losses resulting from the use of information provided.
