Solana News Update: Institutional Trust Fuels $250 Million USDC Growth on Solana’s High-Performance Network
- Circle mints 250M USDC on Solana, reflecting institutional confidence in its scalability and utility. - Solana's TVL surges to $11.83B as DeFi growth and Fidelity's ETF approvals drive institutional adoption. - Infrastructure upgrades like Gemini's 4% SOL rewards and cross-chain USDt/XAUT boost liquidity and RWA integration. - Analysts project SOL could reach $230–$500, fueled by bullish technical indicators and Fidelity's $16T assets. - U.S. and Hong Kong ETF approvals position Solana as a regulated dig
Circle has issued an extra 250 million
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
Further infrastructure advancements are driving institutional interest in the blockchain. Gemini’s introduction of a credit card that gives 4% instant rewards in
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.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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