Solana Stablecoin Card Spending Hits Record $141M in October, Up 7x in a Year

Stablecoin card spending on the Solana network reached a record $141.1 million in October, according to data from Paymentscan . This makes it the fourth consecutive monthly high for stablecoin card spending on the network. October’s total makes it roughly seven times the around $20 million recorded in the same month last year and about 24% above September’s high. Stablecoin card spending on the network has accelerated throughout the year and has mostly been uninterrupted. At the start of the year, card spends were at around $44.5 million in January, so volumes have more than tripled in the ten months. Every month this year, barring June, has set a new high, with August crossing the $100 million mark.

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