Non-USDC and USDT stablecoins now represent 20% of the total stablecoin supply on Solana, up from 3% a year ago, according to Token Terminal. Solana hosts a variety of stablecoins, including PYUSD, USDG, and USD1, as well as non-US dollar options like VCHF and EURC. Native applications such as Phantom wallet and Jupiter are also launching their own stablecoins, CASH and jupUSD, respectively. This diversification indicates a maturing Solana ecosystem, reducing concentration risk and enhancing network resilience. The increase in stablecoin issuers reflects growing confidence in Solana, which has become more robust against potential regulatory challenges.