TLDR:

• Solana’s TPV rose 755.3% YoY, nearly tripling the 268.24% median rate among fintech and L1 peers.
• Visa’s USDC pilot on Solana surpassed $3.5B in annualized volume; Worldpay cut processing times by 50%.
• Western Union’s USDPT stablecoin launches in 2026 to replace pre-funded accounts for 500K+ agents.
• Huma Finance hit $8.9B in transaction volume in 2025, replacing SWIFT with 24/7 onchain settlement.

Solana’s payments ecosystem posted explosive growth in the past year. 

Total Payment Volume on the network climbed 755.3% year-over-year, according to a new Messari report. That figure nearly triples the median growth rate of 268.24% recorded across comparable fintech and blockchain platforms. 

Global financial heavyweights, including Visa, Stripe, Worldpay, and Western Union, now use Solana as a live settlement layer.

Institutional Giants Bet on Solana’s Payment Rails

The institutions moving onto Solana are not experimenting quietly. Visa’s USDC pilot on the network has already surpassed $3.5 billion in annualized volume. 

Worldpay cut its processing times by 50% after adopting the Global Dollar Network, known as USDG, for settlement. Solana hosts 57% of all USDG issuance, reflecting the network’s capacity to handle high-frequency institutional flows.

Fiserv, which processes payments for roughly 10,000 financial institutions globally, announced its own stablecoin on Solana called FIUSD. The move targets both its banking clients and merchant network.

Western Union is also building directly on the chain. The company plans to launch a stablecoin called USDPT in 2026, aiming to eliminate pre-funded accounts and cut international transfer costs for its 500,000-plus retail agents worldwide.

Stripe and Revolut are also part of the expanding ecosystem flagged in the Messari report. 

PayPal’s dollar-backed token, PYUSD, reached a market cap of $834.7 million on Solana as of February 2, 2025. That marked a 500.9% year-over-year increase, driven by merchant integrations and a 4% reward rate offered to users.

Gusto launched a pilot in January 2026 to send instant USDC payouts to contractors for over 400,000 businesses. The integration, built with Zero Hash, targets the 11% of U.S. small and midsize businesses that hire international workers. 

Traditional wire transfers take three to seven days. Solana settles in milliseconds.

Why Solana’s Infrastructure Attracts High-Volume Payments

The network’s technical profile explains much of the institutional interest. 

Solana’s median block time sits at 392 milliseconds, with a median transaction fee of $0.0004, per the Messari data. That combination makes it viable for high-frequency, low-margin payment use cases that legacy rails cannot handle economically.

Legacy systems like SWIFT and ACH were built before the internet and depend on correspondent banking chains. 

Settlement delays of multiple days trap trillions in pre-funded accounts globally. Solana merges messaging and settlement into one atomic step, removing that intermediary layer entirely.

Huma Finance recorded $8.9 billion in transaction volume during 2025, a 232% year-over-year jump. 

Following its merger with Arf, the protocol originated $3.8 billion in onchain credit. It now replaces SWIFT settlement for global business payments with 24/7 stablecoin transfers.

Solana also hosts state-backed stablecoin pilots from Wyoming, Kazakhstan, and Bhutan. The Messari report places the network at the center of a payments stack that spans neobanks, digital wallets, treasury tools, and cross-border infrastructure.