Solana Gains Wall Street’s Attention for Stablecoins

In a recent discussion with Akshay BD from the Solana Foundation, Hougan noted that Wall Street professionals are showing increasing interest in stablecoins and digital asset tokenization.

He explained that these industries are becoming too crucial for major players to ignore.

Did you know?

Want to get smarter & wealthier with crypto?

Subscribe – We publish new crypto explainer videos every week!

Crypto Day Trading VS Swapping: What’s More Rewarding? (Animated)

According to him, while Bitcoin

BTC


$124,069.08



is often viewed as abstract or difficult for traditional investors to fully understand, the practical applications of stablecoins and tokenized real-world assets are more relatable.

Hougan explained that innovations in blockchain performance have made Solana particularly appealing to financial firms.

One example he highlighted was the reduction in transaction settlement time, from about 400 microseconds to 150 microseconds. He said this level of speed matches the expectations of professional traders who are used to operating in high-frequency environments.

Solana’s processing speed, reliability, and ability to finalize transactions quickly make it a strong candidate in the eyes of many institutions.

Currently, Solana supports around $13.9 billion worth of stablecoins, which accounts for approximately 4.7% of the total market share, based on data from RWA.xyz.

Moonbirds, the non-fungible token (NFT) collection, recently announced the upcoming launch of its own token, BIRB, on the Solana blockchain. What prompted this decision? Read the full story.