The supply of stablecoins on the Solana blockchain has surged to $11.8 billion, marking a 130% increase year-to-date from $5 billion, as reported by CryptoRank. This growth reflects a broader trend in the stablecoin market, which has reached a total market capitalization of $226.8 billion, demonstrating resilience amid a general decline in the cryptocurrency market. The increase in stablecoin supply is attributed to rising adoption and preparations for legislative changes, such as the anticipated passage of the GENIUS Act. Analysts suggest that this surge in stablecoin issuance may positively impact Solana's price in the near future.