Top stablecoins on Solana — June 2026

In June 2026 Solana processed more daily stablecoin transaction volume than any blockchain except Ethereum. The chain hosted native deployments of USDC, USDT, PYUSD, USDY and USDP. Native stablecoin supply on Solana was about $12 billion to $14 billion, with USDC accounting for roughly $7 billion to $8 billion. Daily stablecoin transfer volume on the chain ranged from about $5 billion to $10 billion depending on market conditions. In 2025 Solana handled more than $300 billion in stablecoin transfers.

Solana’s technical profile includes average block finality near 400 milliseconds, typical transaction fees below $0.001 and theoretical throughput up to 65,000 transactions per second. Those performance characteristics have supported payment, remittance, institutional settlement and DeFi use cases on the network.

USDC is the largest stablecoin by on-chain depth on Solana. Circle deployed USDC natively and integrated it with the CCTP cross-chain transfer protocol. Circle offers institutional minting and redemption access on Solana and provides monthly reserve attestations and regional money-transmitter credentials. USDC is widely used as collateral in Solana DeFi protocols and for merchant acceptance via Solana Pay. Several enterprise payout and payment firms route on-chain USDC for sub-cent settlement.

Tether’s USDT had an estimated $3 billion to $4 billion in Solana-native supply. USDT provides liquidity for trading pairs on centralized and decentralized exchanges and is widely used in Asian and emerging-market corridors where it remains a common quote currency.

PYUSD, PayPal’s dollar stablecoin issued via Paxos, has expanded on Solana since its Solana deployment in May 2024. PayPal’s consumer products, including remittance services, use PYUSD for payments and merchant acceptance on Solana. PayPal offers a 3.7% annual reward to U.S. PYUSD holders, an incentive used in consumer payment flows.

Ondo Finance’s USDY is a yield-bearing stablecoin on Solana backed by short-term U.S. Treasuries and deposits. USDY provides daily yield accrual in the range of about 4.5% to 5% APY for non-U.S. investors and can be used directly in Solana DeFi protocols. Ondo operates instant-redemption functionality that supports 24/7 minting and redemption on Solana.

Paxos’s USDP is present on Solana and is used mainly by institutions that require an issuer with an OCC-chartered trust and New York Department of Financial Services regulation. USDP’s on-chain use tends to focus on regulated settlement flows rather than broad retail distribution. Circle’s euro stablecoin EURC is also available on Solana for euro-denominated settlement.

Solana-native DeFi stablecoins such as UXD use hedged perpetual futures positions to generate funding-rate returns. UXD offers variable yield tied to perpetual futures markets and is used by traders and protocol investors willing to accept that market risk.

Several large payment and infrastructure firms use Solana rails in production. Enterprise payout services route Solana-native USDC for low-cost settlement. Cross-border payment projects in Africa and Latin America have deployed or tested Solana-native stablecoin settlement. Select payment platforms and pilots have included Solana as a settlement chain to lower per-transaction costs and speed finality.

Firms and payment platforms commonly hold multiple stablecoins on Solana to meet different operational needs: USDC for deep liquidity and institutional settlement, USDY for yield on idle balances held outside the U.S., USDP when specific issuer credentials are required, PYUSD for PayPal-linked consumer payments and remittances, and USDT for trading liquidity and certain emerging-market corridors.