Solana Payment Volume Surges by 755% with Adoption of Visa, Stripe, and Western Union

Solana has experienced a significant surge in total payment volume (TPV) over the past year, with a growth rate of 755.3%. This increase far surpasses the median growth rate of 268.24% recorded across comparable fintech and blockchain platforms. The adoption of Solana's payment rails by institutional giants such as Visa, Stripe, and Western Union has been instrumental in driving this growth.

Visa's USDC pilot on Solana has already surpassed $3.5 billion in annualized volume, demonstrating the network's capacity to handle high-frequency institutional flows.

The Global Dollar Network (USDG), which is hosted by Solana, has seen a significant increase in issuance, with 57% of all USDG being issued on the platform.

Other notable players in the space, such as Fiserv and Western Union, are also building directly on the chain. Western Union plans to launch a stablecoin called USDPT in 2026, aiming to eliminate pre-funded accounts and cut international transfer costs for its 500,000-plus retail agents worldwide.