Solana still has serious ground to cover, but if major financial institutions start showing a preference for Solana, things could change.
Financial institutions that choose to roll out real-world asset tokenization platforms and stablecoins on Solana could position the blockchain to “seriously challenge” Ethereum over the long term, according to a Swiss crypto bank.
There have been indications lately that even “conservative institutions” may prefer Solana’s scalability to Ethereum’s stability and security advantages, Sygnum Bank said in an Oct. 1 report.
Competitor payment processing firm Visa recently integrated Solana for USD Coin (USDC) settlement and boasted about its “high throughput” and “low costs,” Sygnum noted.
