NewsBTC
Mar 6, 2026 upd. 12 Jun

Solana logs record $650B stablecoin volume in February, driven by payments

1 min

Solana processed $650B in stablecoin transfers in February 2026. Grayscale says the surge came from SOL–stablecoin pairs and real payments, not meme coins.

It’s the highest monthly total ever on any chain and it happened in 28 days. Grayscale adds that February saw the most practical money movement in Solana’s history.

Solana stablecoin volume chart

  • $650B stablecoin volume on Solana in Feb 2026 per Grayscale
  • Shift toward SOL–stablecoin pairs and payment activity per Grayscale
  • Volume more than doubled the prior peak from Oct 2025 per Grayscale
  • Solana holds the fourth-largest stablecoin supply and ranks second for USDC circulation after Ethereum per CoinMarketCap
  • Ethereum leads tokenized RWAs over 30 days with $15.57B versus Solana’s $2B per rwa.xyz
  • Stablecoins have become a core driver of on-chain activity per the IMF

Payments are rising on Solana. High-value assets remain anchored on Ethereum, per the latest RWA data.