The supply of stablecoins on Solana increased by 112% in January, reaching a record $11.1 billion, according to a CCData report. This surge coincided with the launch of Donald Trump's memecoin, $TRUMP, on January 18, which triggered significant network inflows. The stablecoin supply on Solana has risen 73.6% since the $TRUMP launch. Trading activity around $TRUMP has led to increased activity on decentralized exchanges, surpassing the previous record set in 2022, making Solana the third largest network by stablecoin supply after Ethereum and Tron. Additionally, Tether’s USDT, the largest stablecoin with a market cap of around $140 billion, saw its market share decrease from 67.5% to 64.9%. Ripple's USD benefited from these changes, becoming the fourth-largest stablecoin by trading volume on centralized exchanges in January. Meanwhile, XRP, Ripple's native token, has surged by 33% this month, trading above $3.10.

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