Solana has gained 2.36% over the past 24 hours following the announcement of the new FIUSD stablecoin from Fiserv. This event stands out in the blockchain industry, emphasizing increased institutional trust.
Market Reacts to FIUSD Launch
Fiserv, with a market capitalization of $172 billion, announced the launch of its FIUSD stablecoin on the Solana blockchain. Targeting over 10,000 banks and 6 million merchants, this marks a significant step forward for digital payment systems on the blockchain. The partnership with Circle, the issuer of USDC, reinforces Solana’s role in the digital payment landscape.
Demonstrating Rising Interest in Solana
In light of this innovative launch, interest in Solana is increasing not only among investors but also at the institutional level. Solana futures on CME reached a record of 1.75 million contracts traded in a single day, while open interest surged to $6.14 billion. The Fear & Greed Index remains neutral at 48, providing room for further initiatives and price growth.
Prospects for Solana and Updates from Other Projects
Expectations exist that Solana’s efforts to attract new companies and innovation frameworks could lead its price to surpass $250 in the coming months if certain conditions, such as regulatory clarity and additional enterprise deals, are met. Other projects, such as Pepeto and Wall Street Ponke, are also gaining attention and may play significant roles in increasing interest in new digital assets.
Solana’s rise following the launch of Fiserv’s stablecoin reflects growing confidence from institutional investors. This event, together with active interest in the futures market and strategic partnerships, could draw even more attention to Solana in the future.
