Active addresses holding Solana-based stablecoins top 1.7 million

The number of active addresses holding Solana-based stablecoins has surpassed 1.7 million, setting a record high, according to on-chain analyst Darkfost. Darkfost added that stablecoins are seeing explosive growth on the Solana network, with $16.3 billion in total stablecoins currently in circulation on the chain, including $6.8 billion in USDC, $2.9 billion in USDT and $1.2 billion in USDGO.