# stablecoins — X 热门讨论 (2026-09-22 10:26 UTC)
## @ShimizuMei_ (TRADER MEI) · 09-22 08:38 · ♥58 ↻1 💬80 $750M just landed on @solana .
@tether minted $500M USDT.
@circle added another $250M USDC.
And I don’t think the interesting part is the number itself.
The interesting part is why this liquidity needs @Solana.
Stablecoins are slowly becoming the boring infrastructure behind crypto.
You don’t need to believe SOL is going to $500 to understand the thesis.
Traders need dollar liquidity.
DeFi needs dollar liquidity.
Tokenized stocks need dollar liquidity.
Payments need dollar liquidity.
And Solana is positioning itself as one of the places where that liquidity can move quickly and cheaply.
The network already has more than $11.5B in USDT + USDC circulating, while daily stablecoin active addresses hit 888K this month.
But here’s the part I’m focused on:
Does more stablecoin supply actually create more economic activity, or are we just moving dollars around the casino faster?
Because $750M of fresh liquidity sounds bullish.
What happens AFTER the mint is what matters.
If that liquidity starts flowing into payments, lending, RWAs, trading and real users…
that’s a much bigger story than another crypto pump.
@solana doesn’t just need more stablecoins.
It needs those stablecoins to do something. https://x.com/ShimizuMei_/status/2102316610094567465
## @JhonatanRonin0 (JhonatanM) · 09-22 02:26 · ♥41 ↻2 💬27 People still see @arc as just another blockchain and the launch of $ARC. 💲
But Circle’s financial documents reveal a more interesting story:
Arc’s economy was already designed before the public launch: 👥
⚠️ Initial supply,
⚠️ Private investors,
⚠️ Economic model,
⚠️ Transition toward Proof-of-Stake.
📝 First point:
Circle completed the initial creation of 10 billion ARC tokens.
But there is an important detail:
Creating the supply does not automatically mean a public token launch.
The key question appears here:
On Arc, network fees are paid in $USDC, not in ARC.
So:
What will be the real value capture of the ARC token within the ecosystem?
Circle’s documents reveal an initial private sale:
807.5 million ARC
Agreed price:
$0.30 per token
Approximate gross proceeds:
$242 million
This implies an initial fully diluted valuation of approximately:
10 billion × $0.30
= $3 billion FDV
⚠️ Second point:
The initial buyers were not only traditional crypto funds.
Among the mentioned participants are names such as:
a16z Crypto
Apollo
ARK Invest
BlackRock
ICE
SBI
SC Ventures
This raises a question:
Is Arc a token investment, or a bet on a new financial infrastructure?
📝 Third point:
Private buyers do not have immediate freedom to transfer those tokens.
There are transfer restrictions linked to the network’s evolution and its transition toward Proof-of-Stake.
Arc launched with a different architecture:
Gas in USDC
EVM compatibility
Fast finality
Institutional validators
But the real challenge, in my opinion, is not technical.
It is economic.
The question that will define Arc’s future:
Who will actually need ARC?
Because Circle is building a blockchain where the asset used daily is USDC, while ARC would have a role related to security, coordination, and governance.
The paradox:
A network can achieve adoption.
But the success of a blockchain does not only depend on how many users it has.
It also depends on whether its native asset captures value within the system.
Circle already created one of the most widely used stablecoins in the market.
Now everything becomes different:
Can a company that created digital money also become the infrastructure where that money circulates? https://x.com/JhonatanRonin0/status/2102222858751512674
## @marinonchain (marino) · 09-22 06:01 · ♥41 ↻4 💬4 Solana TVL just climbed back to $6,475,000,000 📈
Down from a ~$13B ATH, up from $4.7B in June.
And there's $15.6B in stablecoins sitting on Solana, waiting to be deployed.
Beat the last cycle by ~30% again & the next ATH is ~$17B.
We've seen nothing yet. https://t.co/rgpqdRwm3G https://x.com/marinonchain/status/2102276959833378939
## @proofofjake_ (proofofjake) · 09-22 00:56 · ♥41 ↻0 💬3 the surreal thing about this new job is that i have a school/collage friend who went into banking after uni
he now works at the bank of england, a few months back i saw him post about stablecoins so i hit him up to catch up
i now work at a stable coin issuer and will probs see him at a work event tomorrow.. two very different paths in careers but somehow ending up in the same room with shared opinions... wild https://x.com/proofofjake_/status/2102200227050442965