The market capitalization of stablecoins on the Solana blockchain reached a new all-time high of $12.8 billion on Tuesday. The figure reflects a $166 million increase over the past 7 days and a 5% increase over the past month, according to data from DeFiLlama . The gains were led by heavyweight stablecoins such as Circle’s USDC and Ondo’s USDY. To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io