Looking back at recent stablecoin metrics, Solana is "leading the battle" for blockchain payments amid growth in market liquidity and improved investor sentiment, according to research and brokerage firm Bernstein.
Beyond being a global settlement network for cross-border payments and despite pilots with Visa and Shopify, the analysts noted that Solana is yet to break into more mainstream consumer or B2B payments. “With improved crypto market sentiment late 2023 onwards, stablecoins in circulation are back on the growth path and circulating supply currently stands at $150 billion,” the analysts said.
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