ONyc has landed. For the first time in @solana DeFi, users can borrow, lend, and loop with reinsurance-backed yield as collateral, now live on @KaminoFinance. Real-world, real-world returns are liquid, composable, and available 24/7.

Remittance giant @remitly is introducing stablecoin support via Bridge @Stablecoin • Wallet: Dollar access for global south • Payouts: Stablecoin as a rail • Treasury: Reduce pre-funding needs If @Wise drags their feet this will be the closest thing we'll get to an A/B test

Tether supply on Solana is over $2bn for the first time. Hope to see it keep growing, especially as this industry reshapes itself. There’s real value in assets like USDT that have clear utility and strong network effects, where every new participant adds to the value of the whole. It’ll be increasingly interesting to see the strategies behind other stablecoin issuers who are chasing similar utility and aiming to challenge USDT’s position.

Solid week for stablecoins on Solana! @DeFiCarrot and @withAUSD launching a $1M borrow cap CRT Boost, filled in 17 minutes. @fslweb3 bringing $GGUSD to Solana ecosystem. @KaminoFinance adjusted its USDC interest rate curve to lower borrow rates and improve stability for large borrowers. With $65M+ in borrow capacity and $2.8B+ in total volume, it’s already Solana’s most-used stablecoin market. @KaminoFinance fueling USDG adoption, distributing $280K+ in monthly rewards, with $200K+ going to lending incentives. @Circle minted $750M in USDC on Solana, bringing total supply to $7.79B. What exciting Solana stablecoin updates did I miss? 👀 Do share below👇

Bullish signs everywhere 👀👀 Must-read: "We will create space in our markets for both models, by protecting pure publishers of software code, drawing reasonable lines to distinguish intermediated and disintermediated activity, and creating rational and workable rules of the road for intermediaries that seek to operate on-chain software systems. Decentralized finance and other forms of on-chain software systems will be part of our securities markets and not drowned out by duplicative or unnecessary regulation." TLDR: The on-chain future is here to stay 💪

Solana supply of stablecoins (non-USDT/USDC) has reached over $1bn in supply 👀

the fastest growing chain overall for tokenized stocks

First stablecoins, then everything.

The surprise, and highlight, of my evening: @neilshroff showing up! ❤️

Such a well-curated event! Investors from all over Europe flew in to hear Solana founders pitch their ideas at the Startup & Investor Dinner. Cudos to @pattiruss_ @zCase_ @SuperteamDE and the amazing crew at @StakingFac for putting this together! Event quality: 10/10 Conversation quality: 10/10 Just the rare kind of event that’s equal parts insightful and fun.