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

Odaily Planet Daily News: Kamino officially announced on X platform that after 5 months, USDG has become the sixth largest stablecoin in the Solana ecosystem, with a circulation of 120 million US dollars, of which 75 million US dollars are deployed on Kamino Lend. Kamino rewards over 280000 US dollars per month, of which over 200000 US dollars are used for borrowing to promote active use rather than passive deposits. Of the $80 million currently available, nearly $60 million is borrowed funds, making USDG the asset with the highest borrowing rate on Kamino.