Solana's stablecoin market capitalization has more than doubled over the past year, reaching $13.3 billion, according to DefiLlama data. This growth outpaces all other major blockchains, with Solana's stablecoin market cap having peaked at over $16 billion in December. In comparison, Ethereum's stablecoin market cap grew by 43% to $164 billion, and Tron's by 40% to $82 billion during the same period. The surge in Solana's stablecoin market is attributed to its appeal for fast and low-cost transactions, attracting interest from major banks and fintech companies. Notably, Morgan Stanley recently filed for an ETF to provide exposure to Solana, and Visa launched stablecoin settlements on the network. The GENIUS Act, signed by President Trump, has further spurred interest in stablecoins, with companies like PayPal and Western Union planning to issue tokens on Solana.