Stablecoin supply on the Solana blockchain has reached new highs, surpassing $7 billion, with a notable surge of over $1 billion in USDC minted just within a two-day period.

This milestone comes as part of a broader trend where the stablecoin supply on Solana has doubled in recent months, with USDC representing more than 80% of the total stablecoin supply on the network.

Much of this new USDC growth has stemmed from increased memecoin trading via applications such as Jupiter, Raydium, and Orca…