You can also read this news on BH NEWS: Solana Gains Momentum in the Realm of Digital Payments Solana is making waves in the digital finance sector, fueled by a series of payment-focused anno
You can also read this news on BH NEWS: Solana Gains Momentum in the Realm of Digital Payments
Solana is making waves in the digital finance sector, fueled by a series of payment-focused announcements released in June. The Solana network has captured attention, notably with Mastercard’s integration, enabling seamless stablecoin settlements. This initiative, alongside Solana’s involvement in the machine-driven Agent Pay project, promises to elevate its utility beyond crypto transactions to more frequent financial applications.
Companies like KG Inicis from South Korea are exploring stablecoin payment avenues across its vast merchant network. Similarly, MoneyGram is staking SOL to contribute to network validation, serving its extensive customer base with advanced payment services. These endeavors signify a growing institutional appetite for utilizing Solana’s blockchain in practical payment solutions.
As Mastercard rolled out 24/7 stablecoin settlement on Solana, institutions like KG Inicis and MoneyGram have also begun evaluating the network for their payment services.
Furthermore, Toss Bank is piloting stablecoin transfers among its user base, and the Solana ecosystem sees burgeoning growth with new currencies such as the CADC stablecoin. Additionally, services like recurring payments and invoicing are now possible on the blockchain, eliminating the need for third-party intervention, which enhances the platform’s appeal.
The Solana network’s stablecoin reserve has increased by 154%, rising to $14.75 billion since January 2025. Payment activity has surged, with an 87% increase in volume compared to the previous year. Card payment transactions alone have reached $420 million, marking Solana’s strengthened position in crypto payments, which has risen to 10.1% of the market share.
Insights from Birdeye indicate that USDC dominates Solana’s stablecoin landscape, distributed across millions of digital wallets. Solana leads other blockchains in USDC transfer activity, underscoring its significance in the on-chain transaction sphere. Notably, the network facilitated 22.7 million transactions recently, attributing to a substantial portion of USDC activities.
Technical assessments by Celal Kucuker emphasize Solana’s price resilience, identifying $77 as crucial support due to its historical significance and alignment with Fibonacci retracement levels. A break above the prevailing downtrend could reveal resistance at $145 and $188, but risks persist if the ongoing bullish scenario falters.
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