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Solana processes $650B in stablecoins in Feb 2026, surpassing Ethereum for the first time.

Protocol Fundamentals
06 Aug 2026
Crypto Briefing
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Bullish
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In February 2026, Solana recorded $650 billion in stablecoin transactions, doubling its previous record and surpassing Ethereum's monthly volume for the first time. This surge was driven by new stablecoins like JupUSD, backed partly by BlackRock, which also cleared $550 million on Solana. The network saw growth in non-USDC/USDT stablecoins and partnerships like Western Union's USDPT, with stablecoin supply rising to $17 billion by March. Despite market pressures, Solana's DeFi value locked hit $95 billion, signaling strong ecosystem growth and increasing institutional involvement, which investors should watch closely.

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