Bitwise executive: Solana will become Wall Street's preferred stablecoin network
2025-10-05 02:32:11
Matt Hougan, chief investment officer at Bitwise, said that with high speed and instant finality, Solana is expected to become Wall Street's blockchain of choice for stablecoins and asset tokenization. Although Ethereum still dominates with a market share of about 59%, Solana's stablecoin size has grown to $13.90 billion. Bitwise's Solana Spot ETF is currently awaiting approval from the Securities Exchange Commission (SEC), with a final decision expected on October 16.
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