Dollar stablecoins on Solana
USDNative supply of every tracked US dollar stablecoin on Solana at the latest daily reading.
Dashboard · VantagePlanned
Stablecoins on Solana: Supply by Coin
How much stablecoin supply is on Solana, split by coin, and how is it trending?
Supply of each stablecoin issued on Solana, from USDC and USDT to PYUSD and USDG, with the mints, burns and transfers behind it.
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Blueprint
What the dashboard will show.
The dashboard as it will open in Vantage. Each figure is named here and arrives with its receipt; until its data is published, its place stays empty.
Supply
Stablecoin supply on Solana by coin and peg, and its trend.
30-day change
%The change in that dollar supply against the reading 30 days earlier.
Largest coin's share
%The share of Solana's dollar stablecoin supply held by the largest coin at the latest reading.
Euro stablecoins
EURNative supply of euro stablecoins on Solana, such as EURC, kept apart from the dollar total.
Supply by coin
USDDaily native supply of each stablecoin on Solana over the selected period.
Flows
Mints, burns and transfer volume per coin.
Minted, last 30 days
USDStablecoins minted by their issuers on Solana over the last 30 days, all dollar coins together.
Burned, last 30 days
USDStablecoins burned on redemption on Solana over the last 30 days, all dollar coins together.
Transfer volume by day
USDDaily value moved by token transfers of each stablecoin, leaving out transfers between one owner's own accounts.
Mints and burns by coin
USDDaily mints and burns of each coin by its issuer: the issuance and redemptions behind every supply change.
- Period
- Last 30 days, 90 days or a year
- Coin
- Every tracked stablecoin on Solana
About
What it answers, and for whom.
Every stablecoin on Solana is an SPL token whose total supply is recorded in its mint account, so the supply of each coin can be read directly from the chain. This dashboard reads the supply of each stablecoin issued natively on Solana at each day's boundary and adds the coins up by peg. It also follows the mints, burns and transfers that change and move that supply.
Native issuance and bridged copies are kept apart, so a coin bridged in from another chain is never counted as if it were issued on Solana. Use it to see which coins grow, how concentrated Solana's stablecoin supply is and how much moves each day; every figure is pinned to the slot it was read at, with a receipt.
Method
How it will be measured.
Every figure will be read at a block, kept with its source and its exact read, and open a receipt anyone can re-check.
How receipts work →- Supply is the supply field of each stablecoin's mint account, read at the first slot after each UTC day boundary and scaled by its decimals, under the Token Program or Token-2022.
- Each daily reading is checked against the mint and burn instructions since the previous one, so every change in supply can be traced to the transactions that made it.
- Only coins issued natively on Solana count toward the totals; bridged and wrapped versions are listed apart with their bridge.
- Transfer volume and active addresses come from the token transfer instructions of each mint, leaving out transfers between accounts of the same owner.
- Totals are kept per peg, with US dollar and euro coins apart, and every figure carries a receipt with the slot and the account read.
The data it needs
Read from chain state and history
- stablecoin_supply_dailyPublishedStablecoin supply by token and chainNative supply of each USD and EUR stablecoin on each covered chain at the chain's last block of each day, from totalSupply() reads, with bridged copies kept apart.
- stablecoin_flows_dailyTo buildStablecoin mints, burns and transfersStablecoin mints, burns, transfer volume and active addresses per stablecoin and chain per day.
- stablecoinsPublishedStablecoin registryEvery tracked stablecoin contract: issuer, peg, chain, decimals and whether it is native or bridged.
- Mint account supply of each registry stablecoin (USDC, USDT, PYUSD, USDG, USD1, EURC and others) at the first slot of each UTC day
- MintTo and Burn instructions by each mint's authority, for issuance and redemptions
- Transfer and TransferChecked instructions of the Token Program and Token-2022, for volume and active addresses
Questions
Questions people ask.
Which stablecoins are on Solana?
USDC and USDT have long been the largest, joined by coins such as PYUSD, USDG, USD1 and EURC that their issuers launched natively on Solana. The dashboard lists every coin it tracks with its issuer, its token program and whether it is native or bridged.
How is stablecoin supply on Solana measured?
From the mint account of each coin, which records its total supply. The reading is taken once a day at a known slot and reconciled with the mint and burn instructions in between, so each change has transactions behind it.
What is the difference between native and bridged stablecoins?
A native stablecoin is issued on Solana by its issuer, who redeems it directly. A bridged one is a token minted by a bridge against coins locked on another chain, and its value depends on that bridge. The dashboard counts only native supply in its totals.
What is Token-2022?
Solana's newer token program, also called Token Extensions, which adds features such as transfer hooks, confidential transfers and permanent delegates. Some stablecoins, including PYUSD, use it, so the dashboard reads mints under both token programs.
- Mint account
- The Solana account that defines an SPL token and records its total supply and the authority allowed to mint it.
- Mint authority
- The key allowed to create new units of a token; for a stablecoin, it is held by the issuer.
- Token-2022
- Solana's extended token program, with optional features issuers can switch on for their tokens.
- Bridged stablecoin
- A token minted by a bridge on one chain to represent a stablecoin locked on another.
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