Stablecoins, page 2.
USDC and other stablecoins for a business: how they are backed, which network to take them on, and the rules that apply to them.
Stablecoins vs CBDCs vs tokenized deposits: three kinds of digital money compared
The three differ in who owes you the money. A stablecoin such as USDC is a token issued by a private company and backed by its reserves; a central bank digital currency (CBDC) is a direct liability of a central bank; a tokenized deposit is a bank deposit recorded on a programmable ledger, a claim on that bank. As of 15 October 2026 the digital euro is still in preparation, a US executive order bars federal agencies from acting to establish, issue or promote a CBDC, and the BIS's Project Agorá is testing tokenized deposits between banks, while USDC already circulates on public blockchains.
StablecoinsPYUSD, USDG, EURC: other stablecoins on Solana, compared with USDC
Besides USDC, three regulated stablecoins with their own Solana mints are PayPal USD (PYUSD) and Global Dollar (USDG), both from Paxos entities, and Circle's euro coin EURC. They differ in issuer, currency and token program: PYUSD and USDG run on Token-2022 with a permanent delegate, a key that can move or burn tokens in any holder's account, while USDC and EURC run on the original Token program without one. Fianto, which publishes this post, accepts native USDC only.
DataStablecoinsUSDC on Solana in numbers: supply, share and costs, read on 15 October 2026
On 15 October 2026 the USDC mint on Solana reported a supply of about 7.76 billion USDC, while Circle's own figure for USDC on Solana was about 6.77 billion, 9.3% of the 72.71 billion USDC Circle counted across all chains, second only to Ethereum. The two Solana numbers differ because Circle counts circulation, and its reserve report leaves out tokens that exist on Solana but are not issued to any holder. Moving USDC on Solana costs a base fee of 5,000 lamports per signature.