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Solomon Labs’ USDv Stablecoin Market Cap Reaches $7.7 Million

USDv’s market capitalization increased from about $1 million in mid-September, while a market snapshot showed no recorded trading volume.

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Silver coin beside a still blue pool on a clear pedestal / TokenPost.ai
Silver coin beside a still blue pool on a clear pedestal / TokenPost.ai

Solomon Labs’ USDv stablecoin reached a market capitalization of $7.7 million on Oct. 7, up from about $1 million in mid-September, while a market snapshot showed no recorded trading volume.

USDv is designed to maintain a peg to the U.S. dollar. Solomon Labs launched the stablecoin on Solana through Sunrise on Sept. 23, with Raydium as the liquidity venue.

The latest market snapshot recorded no trading volume for USDv alongside the $7.7 million market-capitalization figure.

Enna Lee

Reporter

Enna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.

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