Solana News Update: Institutional Trust Fuels $250 Million USDC Growth on Solana’s High-Performance Network

Circle has issued an extra 250 million

on the blockchain, reflecting increasing trust from both institutional and mainstream players in the network’s scalability and usefulness. This action fits within a wider pattern of expanding on-chain engagement, new strategic collaborations, and regulatory green lights that are transforming Solana’s ecosystem.

Solana’s Total Value Locked (TVL) has climbed to $11.83 billion, showing a rise in user involvement in decentralized finance (DeFi) and tokenized asset platforms, as reported by

. This expansion is backed by strong technical signals, such as a long-to-short ratio of 1.07 on Coinglass—a 30-day peak that points to optimistic market sentiment, according to the report. Experts link this surge to several factors, including Fidelity’s recent approval for a Solana spot ETF in both the U.S. and Hong Kong, which has paved the way for more institutional investment, as noted in a .

Further infrastructure advancements are driving institutional interest in the blockchain. Gemini’s introduction of a credit card that gives 4% instant rewards in

, along with Fidelity making Solana accessible to retail investors, demonstrates the network’s growing appeal to both large and individual investors, according to FXStreet. At the same time, the launch of cross-chain versions of Tether’s and XAUT on Solana has improved liquidity and encouraged the integration of real-world assets (RWA), which analysts believe helps stabilize prices and supports sustainable long-term growth, as highlighted in a .

Forecasts for Solana (SOL) indicate that its upward trend may persist. The token recently traded above $204, supported by a rising trendline and a Relative Strength Index (RSI) of 52, signaling positive momentum, according to FXStreet. Technical experts predict that if SOL closes above the 50-day EMA at $202.88, it could rally toward $230. More optimistic projections, ranging from $320 to $500, are based on a weekly ascending triangle pattern and the possibility of Fidelity’s $16 trillion in assets bringing additional liquidity, analysts told BeInCrypto.

The approval of Solana ETFs in key markets has further fueled adoption. The 21Shares Solana Spot ETF in the U.S. and Hong Kong’s inaugural Solana ETF have established the blockchain as a regulated digital asset center, strengthening its reputation among international investors, according to CryptoNews. These advancements, together with Solana’s low fees and high transaction capacity, make it a compelling choice for RWA trading and DeFi development.