Solana saw a $1 billion increase in its stablecoin total value in December, with most of that increase coming in the form of USD Coin (USDC). This suggests that stablecoin adoption is accelerating and the Solana network could emerge as a major player in the decentralized finance (DeFi) space in 2024. Solana’s stablecoin total locked value (TVL) has reached nearly $5 billion, $4 billion of which is USDC. Tether’s USDt (USDT) stands out as Solana’s second most popular stablecoin with a TVL of $1 billion. What do you think about Solana emerging as a serious competitor to Ethereum? Share your thoughts in the comments.