The supply of stablecoins on the Solana chain is approaching a historical high, currently at $5.89 billion, which is only 5.76% lower than the historical peak of $6.25 billion on June 4, 2022. This growth trend is primarily attributed to Circle's proactive measures. According to Solscan data, Circle has minted 1 billion new USDC tokens so far in 2025. The stablecoin market on Solana shows strong growth momentum, reflecting the ongoing increase in market demand for stablecoins. Nevertheless, future market trends will need to pay attention to further changes in on-chain data and its impact on overall market capitalization.