Kamino: USDG becomes the sixth largest stablecoin in the Solana ecosystem in 5 months, with a total circulation of 120.0 million, and is the asset with the highest lending rate on the platform

Kamino officially stated on the X platform that after 5 months, $USDG has become the sixth largest stablecoin in the Solana ecosystem, with a circulating supply of $120 million, of which $75.00 million is deployed in Kamino Lend. Kamino rewards over $280,000 per month, with over $200,000 used for lending to promote active use rather than passive deposits. Of the $80.00 million currently offered, nearly $60.00 million is borrowed funds, making $USDG the asset with the highest lending rate on Kamino. [Odaily Planet Daily]