Solana's stablecoin market cap has surged by $3 billion over the past 30 days, marking a 25% increase, according to BeInCrypto. This growth comes in the wake of the GENIUS Act, passed in July 2025, which provided regulatory clarity for stablecoins. Analyst Danny Nelson from Bitwise Investments highlighted that Solana has surpassed Ethereum and other blockchains in stablecoin supply growth over the last three months. Despite Solana's rapid growth, Ethereum remains the largest host for stablecoins with a market cap of $172.4 billion, although its growth rate has been slower at 27%. Some investors maintain that Ethereum continues to lead in total stablecoin value and Real World Asset (RWA) Total Value Locked (TVL).