Another Solid Week for Stablecoins on Solana! Total USDC borrowed on @KaminoFinance surged by $100M in just over a week. @humafinance bringing the 4th PayFi Summit back to Singapore during TOKEN2049 on October 1st. @r2yield and @saros_xyz are partnering to launch $R2USD on Solana. Backed by T-Bills and private credit, R2USD offers real yield with ETF-style simplicity. @circle minted $1.25B USDC on Solana this week, including $750M on Aug 8, 2025. For the first time, @Tether_to USD crossed $2B in total supply on Solana. @hylo_so raised $1.5M in seed funding and surpassed $10M TVL. Hylo’s $HyUSD also crossed $5M in circulating supply. @SkyEcosystem allocated over $4M USDS for utilisation; circulating supply surpassed 50M USDS. @DriftProtocol joined @OndoFinance ’s Global Market Alliance alongside @SolanaFndn, @JupiterExchange, @TrustWallet, and more. S&P Global Ratings issued its first-ever credit rating action for a stablecoin system: @SkyEcosystem Protocol ($USDS). @onrefinance launched on Solana in collaboration with @KaminoFinance and @global_dollar . Users can borrow USDG against OnRe’s $ONyc and earn rewards. @reflectmoney is a new tool that enables anyone to create stablecoins and capture yield spreads. @SuperteamUK submitted its response to the FCA’s Stablecoin Consultation Paper. @UnitasLabs is working with @orca_so to enable seamless swaps between USDu (Unitas’ yield-bearing stablecoin) and USDC. Did I miss any exciting Solana stablecoin ecosystem updates? 👀 Do share in the comments👇