It’s been a tough week across crypto but we keep building, as always. Here’s a rundown of what’s been happening on the stablecoin front on @solana this past week: → Many ecosystem teams shared how they managed the recent surge in network activity without any downtime, fee spikes, or bad debt. Shoutout to @kamino, @hylo_so, @LoopscaleLabs, @DeFiCarrot, @DriftProtocol, @ethena_labs and others. → Weekly stablecoin transfers on Solana crossed $300B, setting a new all-time high. (s/o to @blockworksres) → USX by @solsticefi became Solana's 5th largest stablecoin within a week of launch, crossing $200M+ TVL, 15K+ users, and $84M+ locked in the YieldVault. → @JupiterExchange announced JupUSD, a new stablecoin built in partnership with @ethena_labs. → @UmbraPrivacy raised $154M USDC on @MetaDAOProject (and returned most of it), showing what open capital formation looks like on Solana. Shoutout to @kru_tweets and the team. → @global_dollar's USDG continues to grow on Solana, with supply at $460M, up 5x since June. (s/o to @tokenterminal) → @uselulo crossed $100M in USDC deposits. → The @fusewallet Card is now available in 18 countries. You can spend your stablecoins anywhere Visa is accepted, with zero fees. That's the recap for the week. Shout it out in the replies below if I missed anything👇