Global payments now accessible via Solana, as BitPay integrates the blockchain network, supporting transactions in SOL, USDC, and USDT.
In a significant shift for the blockchain industry, major payment networks and processors are increasingly integrating Solana for stablecoin transactions. Companies like Visa, Fiserv, and BitPay are recognising Solana's potential due to its high throughput, low fees, and growing institutional adoption.
BitPay, a well-known cryptocurrency payment provider, has taken the lead in practical real-world utility. As of August 2025, the company has announced full support for Solana-based stablecoins (USDC and USDT) across its products. This move enables users and merchants to easily acquire, store, manage, and spend Solana assets. Stablecoins make up nearly 40% of BitPay's payment volume this year, and the low-fee transfers offered by Solana are expected to accelerate this growth significantly [1].
Visa, one of the world's leading payment providers, has also integrated Solana into its stablecoin settlement processes. This move boosts Solana’s institutional adoption and signifies confidence in its ability to handle real-time, large-volume payments efficiently [2].
Circle, the issuer of USDC, has also been active on Solana. The company has minted over $24 billion USDC on Solana, with recent large issuances exceeding $1 billion in August 2025 alone. This supports high-frequency, real-time payments and demonstrates strong demand from the DeFi and institutional sectors [4].
Solana's technical capabilities are a significant factor in its appeal. With a capacity of 65,000 to 100,000 transactions per second (TPS) and low transaction costs, Solana is an attractive blockchain for stablecoin business adoption. The network currently handles over $40 billion in monthly transaction volume on stablecoins like USDC and USDT [2][3].
Major enterprises like Fiserv and payments platforms such as Stripe are also pursuing integrations and enabling payments on Solana. While specific details about Fiserv’s current Solana integrations remain less detailed than BitPay and Visa’s announcements, the trend towards Solana adoption is clear [2].
The Solana ecosystem also benefits from network resilience improvements (e.g., new validator clients) and regulatory clarity around USDC and USDT, which reduces compliance risks for merchants in regulated industries [2][3].
In summary, BitPay leads practical real-world utility by supporting Solana stablecoins in payment products, Visa uses Solana for settlement, and Circle actively mints USDC on Solana at scale. These developments position Solana as a major player in stablecoin transactions for both retail and institutional applications in 2025 [1][2][4].
[1] BitPay Announces Full Support for Solana Stablecoins, CoinDesk, August 2025, https://www.coindesk.com/business/2025/08/01/bitpay-announces-full-support-for-solana-stablecoins/
[2] Solana Gains Traction as Major Players Embrace Stablecoin Transactions, Cointelegraph, August 2025, https://cointelegraph.com/news/solana-gains-traction-as-major-players-embrace-stablecoin-transactions
[3] Solana's Growing Adoption in the Stablecoin Sector, The Block, August 2025, https://www.theblockcrypto.com/post/111261/solana-growing-adoption-stablecoin-sector
[4] Circle Mints Over $24 Billion USDC on Solana, CoinDesk, August 2025, https://www.coindesk.com/business/2025/08/03/circle-mints-over-24-billion-usdc-on-solana/
- BitPay, a cryptocurrency payment provider, has announced full support for Solana-based stablecoins (USDC and USDT) across its products, allowing users and merchants to easily acquire, store, manage, and spend Solana assets.
- Visa, one of the world's leading payment providers, has integrated Solana into its stablecoin settlement processes, boosting Solana’s institutional adoption and signifying confidence in its ability to handle real-time, large-volume payments efficiently.
- Circle, the issuer of USDC, has minted over $24 billion USDC on Solana, with recent large issuances exceeding $1 billion in August 2025 alone, supporting high-frequency, real-time payments and demonstrating strong demand from the DeFi and institutional sectors.
- Solana, with a capacity of 65,000 to 100,000 transactions per second (TPS) and low transaction costs, is an attractive blockchain for stablecoin business adoption due to its high throughput and growing institutional adoption.
- Major enterprises like Fiserv and payments platforms such as Stripe are pursuing integrations and enabling payments on Solana, indicating a clear trend towards Solana adoption for stablecoin transactions.
- The Solana ecosystem is benefiting from network resilience improvements and regulatory clarity around USDC and USDT, which reduces compliance risks for merchants in regulated industries, further promoting Solana's adoption in the stablecoin sector.
