Activity on the Solana network fell materially. 250 million worth of USD Coin [USDC] was minted on Solana [SOL] in the last 24 hours. This will significantly boost the liquidity pool within the ...

One of the drivers of USDC expansion is the Solana network, which received additional liquidity. The Solana chain carries more than $5.9B in stablecoin liquidity, of which more than $4.77B in USDC.

Visa said it’s one of the first major financial institutions to use the Solana network at scale for settlements ... Their clients now may choose USDC stablecoin settlement instead of receiving ...

primarily in USD Coin (USDC), according to data from DefiLlama. The inflows highlight accelerating stablecoin adoption and the Solana network’s rise to prominence in 2024, particularly in ...

The companies have decided to send and receive USDC on Solana because of the blockchain’s capacity to process transitions more quickly than on Ethereum’s. “Expanding the pilot exemplifies ...

Compared to Ethereum’s approximate rate of 15 transactions per second (TPS), Solana offers over 50,000 TPS, which Circle CEO Jeremy Allaire told CoinDesk helps USDC function “at scale and in a ...

The move came after Visa announced it will introduce settlement of the USDC stablecoin over the Solana network. The payments giant said in a statement that the development could help "improve the ...