Home Solana Emerges As An Institutional Favorite Following PayPal USD Launch

Solana Emerges As An Institutional Favorite Following PayPal USD Launch

By adminJune 5, 2024, 11:28 AM1 Mins read538 Views

Solana Emerges As An Institutional Favorite Following PayPal USD Launch

Solana, the fourth-largest blockchain in terms of total value locked (TVL), is becoming a leading network in institutional adoption.

Financial institutions are integrating with the Solana blockchain to “future-proof” their offerings, according to Robinson Burkey, the CCO and co-founder of Wormhole Foundation.

PayPal recently expanded its PayPal USD stablecoin to the Solana network, enabling users to conduct inexpensive transactions using PYUSD.

Visa also launched its USD Coin on the Solana blockchain in September 2023. Solana is among the most scalable blockchain networks, capable of handling large amounts of transactions with a theoretical throughout of up to 65,000 transactions per second (TPS) with an average transaction cost of $0.0025.

With major partnerships like Visa, Stripe, Shopify Pay, and PayPal, merchant and institutional adoption of Solana is likely to grow.

You need to login in order to Like

Previous post Bitcoin Futures Trading Intensifies With Growing Bullish Sentiment

Next post Bitcoin NFTs Hit $4 bn In All-Time Sales Volume

Pudgy Penguins Expands Into Target Stores Nationwide

NFT-based brand Pudgy Penguins is significantly expanding its retail footprint through a nationwide rollout of its Vibes Series 3 trading cards at...

By 3.0 TVJune 22, 2026, 6:00 PM

News

WhiteBIT Obtains Austrian MiCA License Ahead Of EU Deadline

Cryptocurrency exchange WhiteBIT has secured authorization under the European Union’s Markets in Crypto-Assets Regulation through Austria’s Financial Market Authority. The approval allows...

By 3.0 TVJune 22, 2026, 5:00 PM

News

Philippine SEC Signals Support For Real-world Asset Tokenization

The Philippine Securities and Exchange Commission has indicated strong support for the development of real-world asset tokenization within the country’s financial system....

By 3.0 TVJune 22, 2026, 4:00 PM

Industry Seeks Stablecoin And DeFi Updates In MiCA 2.0 Review

News

Industry Seeks Stablecoin & DeFi Updates In MiCA 2.0 Review

The European Commission is gathering feedback from industry participants as it evaluates potential updates to the Markets in Crypto-Assets framework, commonly referred...

By 3.0 TVJune 22, 2026, 3:00 PM