Visa has announced that it will be using Solana blockchain to boost its use of stablecoin settlements for live payments between clients. Solana offers high throughput at virtually no cost, making it one of the cheapest and fastest networks available. Solana's co-founder, Anatoly Yakovenko, hopes that other financial institutions will consider their network to launch their own pilot payments programmes and stable coins. Solana is built on open-source technology and has become the second-largest developer platform, with 14,175 developers building on it.
1. Riot received around $31.7 million in credits for selling unused power during a Texas heat wave.
2. Coinbase launched a new crypto lending service for US institutional clients, raising $57 million.
3. North Korea may be using crypto to fund its nuclear program.
4. Solana partnered with Visa for stablecoin settlements, using Solana's blockchain for live settlement payments.
5. Solana is the second-largest developer platform with 14,175 developers building on it.
6. Solana is fast, cheap, and decentralized, outperforming other new networks.
7. Congress passing market structure reform and stablecoin bills could impact decisions by financial institutions.
8. Regulatory changes have not impacted Solana, which is an open, permissionless network.