USDC - Solana Challenges Ethereum's Lead In Blockchain Payments Race Report Finds | Benzinga
A research report found that Solana (CRYPTO: SOL) has emerged as the new leader in the realm of blockchain payments.
What Happened: In its new report, Bernstein, a research and brokerage firm, attributes Solana’s success to its streamlined architecture, The Block reported.
Compared to Ethereum’s complex Layer-2 bridging system, Solana offers a single-layer design with direct on-ramps from crypto exchanges.
This, coupled with its high transaction throughput and low fees, has made Solana a more attractive platform for stablecoin settlements.
While Solana is gaining ground in transfers, Ethereum (CRYPTO: ETH) maintains a significant edge in overall stablecoin issuance.
USDC (CRYPTO: USDC) boasts a supply of $26.4 billion on Ethereum, dwarfing its ...