Solana stablecoin holders top 14 million, setting a new record

Growth of Stablecoin Holders

Solana has reached a new milestone, with over 14 million unique stablecoin holders on its network as of October 7, 2026. This represents a significant increase from the 4 million holders at the end of 2024. The growth in stablecoin holders is driven by the increasing demand for stablecoins, which are tokens pegged to a fiat currency, such as the US dollar.

DvP Framework Launch

The milestone is also accompanied by the launch of an open-source Delivery-versus-Payment framework, known as DvP, which aims to settle tokenized assets and cash in seconds. The framework is built to reduce risk for institutional investors and is seen as a key step towards Solana becoming a payments network.

Implications for Solana and its Rivals

More addresses holding stablecoins means more people interacting with Solana, and that activity could translate into higher demand for SOL, the network's native token. Users need SOL to pay transaction fees, so broader usage ties back to the token at a basic level. Holder counts measure addresses, not people, and one user can control many addresses. The drop in supply from September's $17.3 billion peak to just above $15 billion is also worth tracking. Solana sits behind Ethereum and Tron by stablecoin supply. Ethereum remains the default home for institutional DeFi, while Tron has carved out a large role in dollar transfers. There are clear things to watch from here. First, whether stablecoin supply resumes its climb toward the September record or keeps drifting lower. Second, whether institutions actually build on the DvP framework. Third, whether card volume keeps compounding past the $1 billion mark.