Solana has seen its SOL token price surge by over 26% in the past week, making it one of the best-performing cryptocurrencies in the top 10. The network’s token had reached its all-time high back in November of 2022 before dropping to less than $10 in June 2023. Now, SOL is about to surpass the $100 mark.
Despite only having been around for three years, Solana is widely considered to be one of the potential “Ethereum killers” thanks to its high speeds and low frees. The recent spree mirrors that of the entirety of the crypto market and has been boosted by news of a new stablecoin joining the network, as well as the revival of meme coins and NFTs.
NY Regulator Approval Allows First Solana Stablecoin
According to Fortune, Paxos has been approved by New York’s financial regulator to expand its services to Solana. The approval means that Ethereum would no longer be the only network capable of operating with USDP…
