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Solana has strong momentum in digital payments

2026-07-10 12:02:18
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Solana is gaining momentum in the field of digital payments

Since June, Solana has made waves in the field of digital finance with a series of blockbuster announcements in the field of payments. The network has attracted much attention due to MasterCard\'s integration, enabling seamless settlement of stablecoins. At the same time, Solana is also participating in the machine-driven Agent Pay project, which is expected to expand its application scenarios from cryptocurrency transactions to more frequent financial payments.

How can institutions embrace Solana?

South Korean companies such as KG Inicis are exploring promoting stablecoin payments in their vast merchant network. MoneyGram participates in online verification through pledge SOL to provide advanced payment services for its large customer base. These efforts demonstrate the growing interest of institutions in using the Solana blockchain to address real-world payment needs.

As MasterCard launches a round-the-clock stablecoin settlement service on Solana, institutions such as KG Inicis and MoneyGram have also begun to evaluate the use of the network for payment services. In addition, Toss Bank is piloting stablecoin transfers among user groups, and new currencies such as CADC stablecoin have also emerged in the Solana ecosystem. Functions such as regular payments and invoice generation are now supported on the blockchain without the need for third-party intervention, further enhancing the appeal of the platform.

What does network data reveal?

Since January 2025, Solana Network\'s stablecoin reserves have increased by 154% to US$14.75 billion. Payment activity surged, with transaction volume increasing 87% year-on-year. Card payment transaction volume alone reached US$420 million, marking the consolidation of Solana\'s position in the field of crypto payments, with its market share rising to 10.1%.

  • Supply of stablecoins on Solana: US$14.75 billion
  • Growth since January 2025: 154%
  • Payment volume year-on-year growth: 87%
  • Card-based transaction volume: US$420 million
  • Market share growth: From 5.43% to 10.1%

Birdeeye\'s data shows that USDC dominates Solana\'s stablecoin space, distributed among millions of digital wallets. Solana leads other blockchains in terms of USDC transfer activity, highlighting its importance in the field of on-chain transactions. It is worth noting that the network recently processed 22.7 million transactions, accounting for a large portion of USDC activity.

Analyst Celal Kucuker\'s technical assessment emphasized the resilience of Solana\'s price, identifying $77 as a key support level because of its historic significance and consistent with the level of the Fibonacci correction. If the current downward trend is broken, upper resistance may appear at $145 and $188, but if the current bullish scenario is frustrated, the risk remains.

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