Kamino: It took 5 months for USDG to become the sixth largest stablecoin in the Solana ecosystem, with a total circulation of 120 million, making it the asset with the highest lending rate on the platform

Odaily News Kamino officially announced on the X platform that after 5 months, USDG has become the sixth largest stablecoin in the Solana ecosystem, with a circulation of $120 million, of which $75 million is deployed in Kamino Lend. Kamino rewards more than $280,000 per month, of which more than $200,000 is used for lending to promote active use rather than passive deposits. Of the $80 million currently provided, nearly $60 million is loaned funds, making USDG the asset with the highest lending rate on Kamino.