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The Daily: Visa adding support for four stablecoins, Bitwise spot Solana ETF sees $69.5 million inflows on debut, and more

The Block
Visa is expanding stablecoin support, Bitwise's Solana ETF debuted strongly, and Grayscale launched its own SOL ETF.

Summary

Visa is significantly expanding its cryptocurrency footprint by adding support for four stablecoins across four distinct blockchains, enabling conversion to over 25 fiat currencies, as stablecoin-linked card spending has quadrupled year-over-year. In ETF news, Bitwise's spot Solana ETF (BSOL) saw $69.5 million in net inflows on its debut, generating the highest first-day trading volume for any ETF launch this year. Following this, Grayscale also launched its Solana ETF (GSOL) by converting its existing Solana Trust. Separately, World Liberty Financial plans to distribute 8.4 million WLFI tokens to early adopters of its USD1 stablecoin program, while an early Ethereum ICO participant moved $6 million in ETH after nearly eight years of dormancy.

(Source:The Block)