Solana’s monthly stablecoin card spending hits record $141 million in October

Crypto card spending on Solana set a new monthly high, extending a run of records driven by stablecoins, issuer rewards and cheap transactions Solana just had its biggest month yet for stablecoin spending in the real world. Crypto card spending funded by stablecoins on the network hit a record $141 million in October. From $19.7 million to a new record October’s figure tops a strong September. According to on-chain data tracked by Paymentscan, Solana’s stablecoin-linked card volumes reached $113.9 million that month. A year earlier, the same metric was $19.7 million. That works out to a 478% year-over-year increase. October then went higher still. Research findings place the month’s card spend at approximately $141 million, and preliminary data suggested the final total could land above that mark. The pattern matters more than any single month. Card spending on Solana has notched consistent monthly record highs through this year, so October is part of a streak rather than a one-off spike. Solana is not alone in this race. Total tracked stablecoin card spending across all networks reached a record of approximately $1.17 billion in September, with some estimates for the period runnin...