Solana Stablecoin Card Spending Tops September Record Before Month-End

Tracked stablecoin card spending settled on Solana reached $114.6 million through Oct. 26, surpassing September’s $113.9 million high and setting a record for the programs in the measure. The spend-only measure covers on-chain activity from nine of 13 programs tracked on Solana. It excludes other programs and off-chain issuer data, so it does not capture every stablecoin card purchase made by Solana users. A separate October sample covering 11 programs recorded $379.2 million in spending, including $122.17 million on Solana. Ether.fi and KAST together accounted for $262.9 million, or 69.3%, of the sample.