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Solana's Stablecoin Push: Why Enshrining a Native USD Could Supercharge SOL Burns and Ecosystem Growth

Solana's Stablecoin Push: Why Enshrining a Native USD Could Supercharge SOL Burns and Ecosystem Growth

In the fast-paced world of blockchain, Solana is making waves with fresh ideas on stablecoins. If you've been following crypto Twitter—now X—you might have caught wind of a thread from Mert, the CEO of Helius Labs. He's pushing for Solana to either enshrine a native stablecoin or leverage Digital Asset Treasuries (DATs) to create one that's truly Solana-centric. Let's break this down in simple terms and see why it's got the community buzzing.

Stablecoins are essentially digital dollars pegged to real-world assets like the US dollar, keeping their value steady amid crypto's wild swings. Right now, the dominant stablecoins on Solana are funneling their yields—think interest earned on underlying assets—straight to competitors. Mert points out one that's basically funding Base, Solana's rival. That's like handing your lunch money to the bully next door. With the recent Genius Act classifying stablecoins as commodities, swapping between them is seamless, so why not keep the benefits in-house?

Mert's big pitch? Enshrine a stablecoin directly into Solana's protocol. Half the yield could go toward burning SOL tokens, reducing supply and potentially boosting value for holders. It's a no-brainer, he says, especially after seeing Hyperliquid play hardball to attract fund managers—like a crypto version of The Bachelorette. Solana, with its speed and low fees, could demand even more.

But if enshrining sounds too rigid, enter DATs. These are companies managing digital assets, and several Solana-focused ones are already in the works. Imagine a DAT issuing "USDmanlet," a cheeky-named stablecoin that sounds straight out of meme culture. All the yield from USDmanlet gets plowed back into buying SOL or supporting ecosystem apps. Users in liquidity pools would indirectly generate revenue for SOL, turning everyday transactions into ecosystem boosters.

This isn't just theory—Mert calls out existing issuers to step up or risk getting sidelined. Competition among DATs could spark innovation, embedding these stables deeply into Solana's apps. And for meme token enthusiasts, USDmanlet has that viral, fun vibe that could blend stability with the wild energy of memes like those on Banana Zone or Unstable Coin projects.

The thread sparked replies galore, from visual learners asking for diagrams to memes about "unstabling" your stables with tickers like $USDUC. It's clear this idea resonates, tying into broader trends where chains like Hyperliquid are already experimenting with yield-sharing stables.

For Solana builders and traders, this could mean more liquidity, better yields, and a stronger token economy. If you're diving into meme tokens or DeFi on Solana, keeping an eye on stablecoin developments is key—they're the backbone of trading pairs and could amplify your plays.

Check out the original thread on X for the full scoop: Mert's Solana Stablecoin Thread. What's your take—should Solana go all-in on a native stable?

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