Solana Stablecoin Card Spending Hits Record $141M in October, Up 7x in a Year

Stablecoin card spending on the Solana network reached a record $141.1 million in October, the fourth consecutive monthly high. That was about seven times the roughly $20 million recorded a year earlier and about 24% more than September’s level. KAST, a stablecoin neobank, accounted for $100.4 million of October’s total, while cards issued on Rain’s infrastructure added $31.66 million; together they represented 93% of spending. Across all chains, stablecoin card spending was $938.2 million, with Base at $259.1 million and Optimism at $144.6 million, $3.5 million ahead of Solana.