Solana is a blockchain platform that allows for the development of fast and secure decentralized applications (dApps) and cryptocurrencies. It can process thousands of transactions per second, making it appealing for developers and traders in the decentralized finance (DeFi) space. Revenue is generated through transaction fees and staking rewards, with validators earning SOL tokens for securing the network. The Solana Foundation supports the ecosystem by providing grants and resources to promote decentralization and the growth of new applications.

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Crypto & Web3

Solana Foundation

2024 was a very good year for stablecoins. The blockchain-based digital tokens, which are pegged to fiat currencies or assets to minimize volatility, gained traction as financial services firms ventured into blockchain, while Donald Trump’s election victory portends a pro-crypto administration in the U.S. Stablecoins have transitioned from speculative tools to potentially foundational elements of global finance

Stablecoins’ Biggest 2024 Moves, From Cross-Border B2B To Real-Time Treasury

Russian businesses are reportedly using bitcoin and other cryptocurrencies to make international payments. It’s a trend that comes in the wake of legislative changes that permitted these types of payments to get around western sanctions, Reuters reported Tuesday (Dec. 26), citing comments from Russian Finance Minister Anton Siluanov. As the report noted, the sanctions — issued following Russia’s invasion of Ukraine in 2022 — have made it tougher for Russia to trade with partners like China and Turkey. But this year, Russia began allowing crypto for foreign trades, and is working on legalizing the mining of crypto such as bitcoin

Russian Companies Reportedly Using Crypto For International Payments

For once in its recent history, the cryptocurrency sector is likely ending the year on a high. Bitcoin, despite dropping below the $100,000 mark as of reporting, is up over 110% for the year having hit a successive series of all-time highs. Institutional adoption of digital asset solutions is growing as the regulatory and political landscape softens. The U.S. Securities and Exchange Commission (SEC) is getting a new chief who could put to bed many old legal issues lingering over the domestic landscape. Stablecoins are emerging as a potent payments tool for enterprise businesses

Stablecoin Payments Were Crypto’S Biggest 2024 Story

Few bottlenecks across the payments landscape have been more intractable than that of cross-border payments. But with the news Thursday (Dec. 5) that the U.S. licensed FV Bank is now supporting direct USDT stablecoin deposits to simplify cross-border transactions by reducing reliance on traditional wire transfers and fees, cross-border payments optimization could be arriving — for both financial institutions (FIs) and their end-users — faster than anyone could have anticipated. “This innovation positions us at the forefront of regulated financial institutions offering comprehensive stablecoin on-ramp and off-ramp services. We have also seamlessly integrated our blockchain analytics tools to pre-screen and detect transactions which may be linked to sanctions or AML activity ensuring our compliance with regulations,” Miles Paschini, CEO of FV Bank, said in a release

Banks Tap Stablecoin On-And-Off-Ramp Services To Accelerate Cross-Border Innovation

Regulatory clarity sits at the center of the convergence of crypto and traditional finance. And, from the point of view of payments professionals, CFOs and treasury teams, stablecoins sit at the center of crypto’s potential within enterprise and corporate finance applications. These digital assets — designed to maintain a consistent value by pegging to fiat currencies or other assets — are increasingly being eyed for their potential to reshape key areas of corporate finance, along with cross-border payments and liquidity management

Compliance Divides Stablecoin Market: Why Cfos And Treasury Teams Should Care

Blockchain-based payments solutions company Orbital has announced the launch of its Stablecoin Payments Dashboard.The new offering is designed to provide users with insights into stablecoin payment trends, Orbital said in a news release Monday (Dec. 2), coming at a time when stablecoins are increasingly used in things like peer-to-peer transactions and cross-border B2B payments.“Stablecoins are transforming global commerce, but businesses lack clarity on how to leverage them effectively for consumer payments,” said Luke Wingfield Digby, co-founder of Orbital and head of the company’s research team.“Our new dashboard fills this gap, providing actionable insights on which tokens, blockchains, and exchanges are driving consumer adoption in this fast-evolving space.”According to the release, the dashboard tracks stablecoin adoption for payments use cases by analyzing “consumer-size transactions” of up to $10,000. Working with blockchain analytics firm Artemis.xyz, the dashboard filters out unrelated activity such as DeFi and speculative trades, to ensure “accurate insights into payment trends,” Orbital said.Aside from on-chain data, Orbital plans to integrate other data sources for a broader view of stablecoin use across industries and regions, giving businesses actionable insights into stablecoin payment behavior.The platform is launching days after the news that stablecoins had achieved record market value. A report last week by Bloomberg News showed the market capitalization for the digital, dollar-pegged currencies jumping 46% this year to a record $190 billion.Tether, issuer of USDT — the world’s largest stablecoin — has seen that token’s circulation rise to almost $133 billion, accounting for nearly three-quarters of the stablecoin market, while companies like Stripe and PayPal have gotten into the stablecoin business.The Bloomberg report also argued that those efforts could stop another major market crash, such as the $19 billion collapse of TerraUSD two years ago. It’s a trend being driven in part by enthusiasm about stablecoins in cross-border payments.“Blockchain solutions and stablecoins — I don’t like to use the term crypto because this is more about FinTech — they’ve found product-market fit in cross-border payments,” Sheraz Shere, GM payments and commerce at Solana Foundation, told PYMNTS earlier this year. “You get the disintermediation, you get the speed, you get the transparency, you get extremely low cost.”

Orbital Debuts Dashboard To Track Stablecoin Payment Trends

Crypto’s reputation is undergoing a makeover as the sector matures. Driven by regulatory clarity, technological innovation, and a shift toward solving real-world problems — particularly in payments and financial services — the industry’s evolution is coming to reflect a growing synergy between traditional finance and decentralized technologies. As industry observers look to 2025, blockchain technology and stablecoins are emerging as key tools for improving efficiency, transparency, and speed in many operational and commercial areas. The increasing involvement of major financial institutions further emphasizes the transformative potential of these technologies

Blockchain Regulation Drives Business Utility While Stablecoins Surge This Week In Web3

Stablecoins have achieved a record market value amid optimism about their use in cross-border payments. The market capitalization for the digital, dollar-pegged currencies has jumped 46% this year to a record $190 billion, Bloomberg News reported Wednesday (Nov. 27), citing DeFiLlama data. Tether, issuer of USDT — the world’s largest stablecoin — has seen that token’s circulation leap to almost $133 billion, making up 70% of the stablecoin market, the report said. The company now wants to widen the use of USDT by venturing into new industries

Stablecoins Hit Record $190 Billion On X-Border Payment Optimism

For nearly its entire history, cryptocurrency has been searching for a sustainable product-market fit. From payments to speculative investments to supply chain management, the blockchain landscape’s past has been littered with attempts but little long-standing impact. Now, crypto is circling back to try its hand at payments again. Only today, the results appear to be, well, promising

This Week In Web3: Usability And Network Expansion Drive Stablecoin Momentum

RD Technologies has completed its Series A1 financing, securing $7.8 million. Investors include HongShan, Hivemind Capital, Aptos Labs, Hash Global, SNZ Capital, Solana Foundation, Anagram, and Upward Capital. The funds will support RD Technologies' efforts to bridge Web2 and Web3 and develop the Web3 ecosystem in Hong Kong. RD Technologies' subsidiaries have also made significant strides, including joining the HKMA's stablecoin issuer sandbox and obtaining an SVF license.

RD Technologies Secures $7.8M Series A1 Funding

Blockchain platform for decentralized applications

Solana Foundation

Blockchain platform for decentralized applications

Solana Foundation

Blockchain platform for decentralized applications

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