According to the source, Bitwise said Solana (SOL) will be Wall Street's stablecoin network. Source: Bitwise. Visa has integrated USDC settlement on Solana, and PayPal's PYUSD is available on Solana, indicating existing institutional usage of the chain for stablecoin settlement. Sources: Visa; PayPal and Paxos. Solana experienced a network outage on Feb 6, 2024, underscoring reliability considerations for institutional settlement. Source: Solana Status.