Why solana Is Trending Today?

Western Union, a renowned money transfer company, has announced plans to launch its own USD-backed stablecoin, named USDPT, on the Solana blockchain. This move is set to enhance cross-border payment speeds and efficiency. The stablecoin is expected to debut in 2026, with the company also introducing a CLSMining program to facilitate a passive income model. Western Union chose Solana for its high network throughput and ability to handle a large number of transactions quickly. The launch of USDPT is part of Western Union's broader strategy to embrace blockchain technology and digital assets.

REX-Osprey's debut of the first staked Solana ETF on Wednesday, with SOL price surging 5% and hitting $161 following SEC approval.

REX-Osprey's Solana ETF, the first US crypto fund with staking, begins trading on July 2.