Stablecoin holder addresses on Solana have climbed past 14.02 million, setting a new all-time high and rising sharply from fewer than 4 million at the end of 2024. The network’s stablecoin supply has also moved above $15 billion, while cumulative stablecoin card transaction volume has exceeded $1 billion. Separately, the Solana Foundation launched Solana DvP on Oct. 6, an open-source delivery-versus-payment framework designed to settle tokenized assets and cash in a single atomic transaction. The system uses a segregated custody model and is aimed at completing settlement within seconds while reducing the risk that one side of a trade settles and the other does not. J.P. Morgan provided input on institutional settlement needs during development, and the audited Solana DvP standard is intended for tokenized stocks, funds, and other real-world assets, according to Bitcoin.com News.
Stablecoin holder addresses on the Solana blockchain have surpassed 14.02 million, a new all-time high, up sharply from fewer than 4 million at the end of 2024.
Solana’s stablecoin supply has now exceeded $15 billion. Cumulative stablecoin card transaction volume has also crossed $1 billion.
Solana Foundation rolls out Solana DvP
On Oct. 6, the Solana Foundation introduced Solana DvP, an open-source delivery-versus-payment framework built to settle tokenized assets and cash simultaneously in a single atomic transaction.
The system uses a segregated custody mechanism. Its stated goal is to complete settlement within seconds and reduce the risk that one side of a transaction is completed while the other side fails.
J.P. Morgan provided feedback on institutional settlement requirements during development. According to the report, the audited Solana DvP standard is designed for tokenized stocks, funds, and other real-world assets.
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