BitPay has added full support for the Solana blockchain across its suite of products. This enables merchants and users to transact with Solana assets and stablecoins at scale.
Why does it matter? BitPay is the largest global provider of Bitcoin and cryptocurrency payment services. The integration covers leading Solana-based stablecoins such as USDC and USDT, allowing users to acquire, store, spend, and transfer them alongside SOL and other network tokens. Merchants connected to BitPay can now tap into one of the fastest-growing crypto ecosystems without additional technical integrations or exposure to asset custody risk.
Stablecoins Drive Growth in Crypto Payments
BitPay’s latest move aligns with a broader trend in cryptocurrency payments — the rising dominance of stablecoins. According to the company, stablecoins accounted for nearly 40% of total payment volume in 2025, with Solana emerging as a leading network for low-cost, high-speed transactions.
“Solana is not only home to one of crypto’s most passionate and active communities, but it’s also becoming a major network for stablecoins,” said Bill Zielke, CMO of BitPay.
Bill noted that BitPay has championed stablecoin adoption since 2021 and expects Solana’s low-fee infrastructure to further accelerate transaction growth.
Solana’s technical design, with high throughput and sub-cent transaction costs, has made it a preferred settlement layer for USDC and USDT transfers, positioning it competitively against Ethereum and other Layer 1 networks.
Expanded Capabilities for Users and Merchants
Through the BitPay Wallet, users can now buy, store, swap, and spend Solana-based assets directly. This includes purchasing gift cards from over 250 major brands, paying bills, or shopping at BitPay-enabled merchants using SOL or stablecoins. Peer-to-peer transfers are also supported from both BitPay and popular Solana wallets such as Phantom, Solflare, and Backpack.
Merchants benefit from instant access to Solana’s growing user base without needing to manage wallets or handle digital assets themselves.
BitPay mentioned in the announcement that Solana-based payouts are also planned. This will open further possibilities for payroll, affiliate payments, and supplier settlements.
Early Adoption by Luxury Retail
The 1916 Company, a global luxury watch and jewelry retailer, is among the first to accept Solana payments via BitPay.
CEO John Shmerler emphasized that the move is part of the firm’s push to modernize client services.
“Solana’s speed and low transaction costs, especially when paired with stablecoins like USDT and USDC, bring meaningful efficiency and advantages to the crypto payment experience for both our clients and our business,” he said.
BitPay’s Solana Integration Strengthens Its Position in the Payment Space
The integration represents a significant validation for Solana in the global crypto payments market. With BitPay’s merchant network and existing customer base, the network’s adoption potential could expand beyond DeFi and NFT markets into mainstream commerce.
Investor sentiment toward Solana has been notably positive in the wake of the announcement. According to CoinMarketCap data, SOL’s price surged 13.58% in the past 24 hours, outperforming most major cryptocurrencies.
As stablecoins become a central pillar of digital payments, Solana’s scalability and transaction economics could make it an increasingly attractive alternative to incumbent settlement networks — both in crypto and traditional finance.
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