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.

According to Crypto Rover (@rovercrc), major financial institutions including PayPal, Mastercard, and Visa are actively embracing cryptocurrency, signaling a significant shift as centralized finance (CeFi) integrates decentralized finance (DeFi) solutions. This trend is crucial for traders, as increased adoption by payment giants is expected to boost liquidity, drive mainstream acceptance, and potentially reduce transaction costs for crypto assets. The move by PayPal, Mastercard, and Visa toward supporting crypto payments and DeFi protocols marks a pivotal moment for mass adoption and may lead to higher trading volumes and volatility across key digital assets (Source: Crypto Rover on Twitter, May 15, 2025).