Solana
Why Solana is up 2.0% today
Analysis
Solana (SOL) rose about 2% over the past 24 hours as market sentiment improved on adoption-focused headlines tied to the network. Decrypt reported that Western Union plans to launch a Solana-based stablecoin and a “Stable Card” next month, highlighting potential new payments activity on Solana.
Contributing Factors (3)
Western Union to Launch Solana-Based Stablecoin Plus ‘Stable Card’ Next Month
The USDPT stablecoin launching next month will serve as an alternative to SWIFT for agent settlements rather than consumer transactions.
World Cup fever: Chiliz expands to Solana and Base to supercharge fan token trading
Chiliz rolled out its own layer-1 network in 2023 to host the trading of its tokens, but is transitioning to what it calls "omnichain distribution."
Solana Developers Back Falcon Signature Scheme to Counter Quantum Threats
Solana is ramping up its preparations for the post-quantum era, with the team disclosing that the migration plan has been thoroughly researched, understood, and is set to roll out when the threat arri...
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