**Solana's Stablecoin Surge**

Solana is making waves in the crypto world, with a $1 billion boost in stablecoin value in December, mainly from USD Coin (USDC), as per DefiLlama. This growth underscores Solana's rising influence in decentralized finance (DeFi) as we step into 2024.

- Solana's stablecoin total value locked (TVL) now stands at about $5 billion, with USDC leading at nearly $4 billion.

- Tether's USDT follows with around $1 billion in TVL.

Solana is challenging Ethereum's dominance, with its TVL soaring from $1.4 billion to $8.6 billion in 2024. However, Ethereum still holds a significant lead with over $110 billion in stablecoin TVL.