Solana (SOL) surged over 14% in the past 24 hours, breaking the $200 mark, following BitPay’s announcement of full integration with the network. The move positions Solana alongside Bitcoin and Ethereum in BitPay’s suite of supported payment assets, marking a significant step in its push toward mainstream adoption. At press time, Solana trades at $202.45, outperforming all other top 25 cryptocurrencies by market capitalization.
Why the BitPay-Solana Integration Matters
BitPay, the world’s largest Bitcoin and crypto payment processor, handles billions in transactions annually and serves a vast network of merchants worldwide. Stablecoins already account for nearly 40% of BitPay’s total payment volume in 2025, underscoring their growing dominance in the crypto payments sector.
By adding support for Solana’s USDC and USDT stablecoins—known for low fees and fast settlement—BitPay is tapping into one of the fastest-growing trends in the industry.
For merchants, this integration requires no additional technical setup and enables access to Solana’s large, active user base without holding crypto directly. For consumers, it means spending SOL and stablecoins at hundreds of online and brick-and-mortar businesses, from global luxury retailers like The 1916 Company, which became the early adopter, to everyday e-commerce stores.
John Shmerler, CEO of The 1916 Company, mentioned it as a way to modernize their service. “Solana’s speed and low transaction costs bring efficiency and advantages to the crypto payment experience for both our clients and our business,” he said.
Strengthening Solana’s Payments Narrative
Solana has long been recognized for its speed and cost-efficiency, attributes that make it a prime candidate for payment networks. This BitPay integration is expected to accelerate its role in stablecoin transactions, further cementing Solana’s position in the broader digital payments ecosystem.
“Solana is not only home to one of crypto’s most passionate communities, but also a major network for stablecoins,” said BitPay CMO Bill Zielke. “Adding Solana support strengthens our commitment to faster, lower-cost payments for users and merchants.”
Real-World Utility Gains Momentum
With Solana now supported in the BitPay Wallet, users can spend, store, swap, and cash out SOL and Solana-based stablecoins with ease. The integration also supports popular Solana wallets like Phantom, Solflare, and Backpack, enabling seamless transactions across platforms.
Industry watchers see the price rally as a direct reflection of the market’s optimism about Solana’s increasing real-world utility. As stablecoin payments gain ground, Solana’s high-throughput network could capture a larger share of on-chain commerce—offering both scalability and a better user experience.
If market sentiment holds, the BitPay integration could prove to be more than just a short-term catalyst, serving as a foundation for sustained growth in Solana’s adoption and valuation.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice.
