Solana Stablecoin Market Tripled to $15B ATH as Memecoin Frenzy Returns

Solana issued nearly $10 billion in stablecoins over the past year, pushing market capitalization to $15 billion all-time high as memecoin trading revived with Bonk surging 50% and PENGU climbing 40%, while network applications generated record $2.39 billion revenue and Western Union announced plans to launch dollar-backed stablecoin.