💳 Stablecoin cards on Solana processed $141 million in spending in October, a new all-time high.
A year ago, that figure was still under $20 million—up sevenfold. The record set in September was broken again in October.
What’s interesting is that stablecoins, not SOL, are driving card spending: KAST alone accounted for $100 million, and over 90% of the total went through KAST and Rain.
I think this is proof that Solana is truly being used as money. No matter how much gets spent on cards, it doesn’t mean a single extra SOL has been sold.
$SOL
A year ago, that figure was still under $20 million—up sevenfold. The record set in September was broken again in October.
What’s interesting is that stablecoins, not SOL, are driving card spending: KAST alone accounted for $100 million, and over 90% of the total went through KAST and Rain.
I think this is proof that Solana is truly being used as money. No matter how much gets spent on cards, it doesn’t mean a single extra SOL has been sold.
$SOL