#Solana emerges as an institutional favorite following PayPal USD launch
Solana could emerge as a leading blockchain for payment institutions. Is a Solana-based ETF next?
Solana, the fourth-largest blockchain in terms of total value locked (TVL), is becoming a leading network in institutional adoption.

Increasingly more financial institutions will be integrating with the Solana blockchain to “future-proof” their offerings, according to Robinson Burkey, co-founder and chief commercial officer of Wormhole Foundation.

Burkey wrote in a research note shared with Cointelegraph:

“Solana and institutions make sense. Industry leaders like PayPal, Stripe, and Visa must future-proof their offerings. The best way to do that is by meeting their most forward-thinking users on the platforms they’re adopting. You’ll likely see many more institutional moments for Solana in the coming years."
On May 28, PayPal expanded its PayPal USD 
PYUSD

$1.00

 stablecoin to the Solana network, marking its first move to a blockchain beyond the Ethereum ecosystem.

The integration will enable Solana users to conduct inexpensive transactions using PYUSD on the network, aiming to broaden the stablecoin’s utility for everyday purchases.

In September 2023, global payments giant Visa launched USD Coin 
USDC

$1.00

 on the Solana blockchain, the second network to support the stablecoin after EthereumSolana to receive more institutional adoption — Fireblocks
Solana is among the most scalable blockchain networks that can handle large amounts of transactions.

$SOL

#StartInvestingInCrypto