What to know:
- Major payment and banking firms expanded stablecoin services on Solana in June.
- Solana’s stablecoin supply reached $14.75 billion, with transfer activity remaining among the highest in the industry.
- Technical analysts are watching the crucial $77 support area as SOL attempts a long-term breakout.
June brought a series of payment-focused announcements that strengthened Solana’s role in digital finance. According to Solana Payments report, Mastercard introduced round-the-clock stablecoin settlement on the network and incorporated Solana into its Agent Pay for Machines initiative.
In South Korea, KG Inicis signed an agreement to explore stablecoin payments across a merchant network processing about 25 trillion won annually.
Additionally, there were increased engagements by financial institutions with Solana. MoneyGram began verifying the blockchain network through staking of SOL while developing payment services for its over 60 million customers.
Toss Bank initiated the testing process of remittance rails through the use of stablecoins for its 15 million users. SoFiUSD has increased its supply of funds on Solana by $200 million in just five weeks.
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Stablecoins and New Payment Tools Gain Ground
With the introduction of CADC, the ecosystem continued to expand through a Canadian dollar stablecoin as well as Open USD, another dollar token controlled by partners and guaranteed by a consortium that comprises major financial institutions.
Subscription and allowance functionality was integrated into Solana. It enables users to have recurring payments, payroll, and invoice generation without third-party applications and directly on the blockchain.
New financial products emerged on the platform, such as international corporate banking, digital prepaid cards, and crypto loans based on wallet behavior rather than traditional credit scores.
Transaction Growth Highlights Rising Usage
As per the recent statistics, there has been an increase in the use of stablecoins on the network. Since January 2025, there has been a surge of 154% in the number of stablecoins on the network, which are valued at $14.75 billion.
According to Birdeye’s report in H1 2026, USDC constitutes more than 50% of that amount and is held by 7.54 million wallets. Solana leads the way on the blockchain for USDC transfer volume for seven consecutive weeks.
For the current week, the network handled 22.7 million transactions, representing about a third of the total USDC transaction volume. There were $1.6 billion of payroll transactions, and there were also $803 million of retail P2P transfers.
Can Solana’s Strength Carry SOL Toward the $400 Target?
Analyst Celal Kucuker argues that SOL is exhibiting extraordinary toughness and can go even higher in its price. The chart identifies $77 as an important support point where previous price trends and major Fibonacci points coincide.
If the prices manage to stay above the downtrend from early 2025 monthly, then the stock will aim at its resistance areas at $145 and $188. However, if support break, the bullish case would become weaker, and the whole uptrend would become postponed.
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This article contains market analysis and price predictions. These are not guarantees. Crypto markets are volatile. Always DYOR. Not financial advice.
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