Solana stablecoin card spending hits record $141M in October
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Stablecoin-funded card spending on Solana reached a record $141 million in October, according to Crypto Briefing, citing on-chain data from Paymentscan. The figure extends a run of monthly highs for the network.
The prior month set the previous benchmark: Crypto Briefing reported that $113.9 million in stablecoin-linked card volume settled on Solana in September. A year earlier, the same measure stood at $19.7 million, a 478% gap. October’s preliminary numbers, Crypto Briefing said, could still rise as final tallies complete.
Key facts
- October card spending funded by stablecoins on Solana reached about $141 million, a record, per Crypto Briefing.
- September stood at $113.9 million on Paymentscan data, versus $19.7 million a year earlier — a 478% year-over-year increase.
- RedotPay, a leading card program, generated roughly $402 million in card volume over a recent 30-day window.
- USDC accounts for about 58% of stablecoin card volume and USDT about 26%, Crypto Briefing reported.
- Solana’s stablecoin supply has passed $15 billion and peaked near $17.3–17.5 billion in September, with more than 14 million stablecoin-holding addresses by early October.
What is driving the volume
Card programs linked to networks such as Visa give these products merchant acceptance beyond crypto-native venues. Issuer rewards are doing much of the work in attracting users, and Solana’s low fees and throughput suit many small settlements. The currencies involved are almost entirely dollar-denominated.
The wider market is larger still. Total tracked stablecoin card spending across all networks hit a record of about $1.17 billion in September, with some estimates reaching $1.37 billion, according to Crypto Briefing. Solana usually sits third by on-chain volume share, behind Base and Optimism.
Solana has now processed more than $1 billion in stablecoin card volume cumulatively. Crypto Briefing also noted infrastructure work such as a delivery-versus-payment framework for atomic settlement, in which both legs of a trade settle simultaneously or not at all, reducing counterparty risk.
Why it matters
Card spending is the most visible part of a larger stablecoin footprint on Solana. A supply above $15 billion and a base of more than 14 million stablecoin-holding addresses give card issuers a large pool of potential users to draw from. But the activity is concentrated: a handful of card programs and two dollar stablecoins carry most of the flow, so a policy change or disruption at either issuer would quickly show up in these totals.
Separately, Interactive Brokers reported 5.68 million client accounts at the end of October, up 34% year-on-year and 2% month-on-month, according to Finance Magnates. Daily Average Revenue Trades were 4.31 million, down 4% from October 2025 but up 5% from September. Client equity totalled $928.6 billion, up 19% year-on-year but down 4% month-on-month, while client credit balances reached $180.5 billion, up 15% year-on-year and down 3% from September.
What to watch
The next signal is whether November card spending on Solana sets another monthly record or breaks the streak. Also worth tracking: whether Solana closes the gap with Base and Optimism in on-chain volume share, and whether new card partnerships broaden the issuer base beyond today’s leaders.
This article is not financial advice. Crypto markets and the products built on them remain volatile and uncertain.
Disclaimer: This article is for information only and is not investment, financial or trading advice. Cryptocurrency prices are highly volatile. Always do your own research.
Sources: Crypto Briefing, Finance Magnates
