Solana Achieves Record of Over 14 Million Stablecoin Holders

As of October 7, 2026, Solana has surpassed 14 million unique addresses holding stablecoins, marking a significant milestone for the blockchain network. This figure represents an increase of more than 4 million new holders since the beginning of the year, and a total growth of over 10 million addresses in less than two years. The total stablecoin supply on Solana currently exceeds $15 billion, although it has decreased from a peak of $17.3 billion in September, making Solana the third-largest blockchain by stablecoin supply, following Ethereum and Tron.

The rise in stablecoin holders coincides with an increase in spending, as cumulative transaction volume on stablecoin-linked cards has surpassed $1 billion. These cards allow users to spend their stablecoin balances at regular merchants, indicating a shift towards retail and payment applications on the network. This trend is further supported by the recent launch of an open-source Delivery-versus-Payment (DvP) framework by the Solana Foundation, designed to facilitate the simultaneous exchange of assets and cash, with contributions from J.P. Morgan to align it with institutional settlement needs.

Historically recognized as a hub for decentralized finance (DeFi), Solana is now positioning itself as a payments network. The growing number of stablecoin holders and increased card spending suggest a broader adoption of the network's capabilities. As more users interact with Solana, there could be a corresponding rise in demand for SOL, the network's native token, which is required for transaction fees. However, it is important to note that the number of addresses does not equate to the number of individual users, as one person can control multiple addresses.

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Source: KLEA News