Solana
Solana Emerges as Institutional Favorite After PayPal USD Launch — TradingView News
Solana, the fourth largest blockchain by total value locked (TVL), is becoming a leading network in institutional adoption.
More financial institutions will integrate 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 the institutions make sense. Industry leaders like PayPal, Stripe and Visa must sustain their offerings. The best way to do this is to meet their most forward-thinking users on the platforms they adopt. You’ll likely see a lot more institutional moments for Solana in the years to come. »
On May 28, PayPal expanded its PayPal USD offering PYUSDUSD stablecoin to the Solana network, marking its first step towards a blockchain beyond the Ethereum ecosystem.
The integration will allow Solana users to transact inexpensively using PYUSD on the network, with the aim of expanding the stablecoin’s utility for everyday purchases.
In September 2023, global payments giant Visa launched USD Coin 
