THE STREET · 2026-10-28 13:54 UTC

Solana Foundation exec: Emerging markets embrace stablecoins first

Maya Caddle, payments lead at Solana Foundation, says stablecoins are gaining traction in emerging markets where they solve real problems like currency volatility and access to US dollars without bank accounts. Goldman estimates 66% of the ~$290 billion in stablecoins in circulation is held by individuals in emerging markets; Solana holds about $15 billion in stablecoins. Cross-border stablecoin transfers rose 77.5% to $220.3 billion between June 2025 and June 2026 periods, with businesses using them for just-in-time payouts and consumers using stablecoin cards for dollar-priced services.

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