Bitwise Executive: Solana Will Become Wall Street’s Preferred Stablecoin Network
Jinse Finance reported that Bitwise Chief Investment Officer Matt Hougan stated that with its high speed and instant finality, Solana is poised to become Wall Street's preferred blockchain for stablecoins and asset tokenization. Although Ethereum still dominates with approximately 59% market share, Solana's stablecoin volume has grown to $13.9 billions. Bitwise's Solana spot ETF is currently awaiting approval from the U.S. Securities and Exchange Commission (SEC), with a final decision expected to be announced on October 16.
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