E Money Blog
  • Welcome to E Money Network
  • 📢Announcements
    • Introducing Dual Rewards Program: Stake & HODL!
    • E Money Network Testnet Goes Live!
    • $SCLP Community Airdrop Announcement
    • What’s New? Exciting New Features on E Money Wallet!
    • Stake Your $SCLP in our $SCLP Grand Finale Staking Pool and Win Big!
    • E Money Network Can Add Tremendous Value to the Cardano Ecosystem - Check out our Proposal!
    • Paving the Way for $EMYC
    • E Money Network and Solana integrates to power Compliance Focused BankFi Innovation in Web3
    • Step by step guide for $EMYC Conversion portal
    • How Investors can claim $EMYC tokens
    • How to Bridge your $EMYC from BSC to E Money Network
    • Step-by-step guide for $EMYC Staking Portal
  • 🤝Partnerships
    • E Money Network Partners X WeFi: Decentralised Money Market Protocol to Integrate E Money Wallet
    • Shaping the Future of Decentralized Finance and Universal Liquidity Abstraction: Kima Network
    • E Money Network and MAIV Welcome a New Era in RWA Investment
    • E Money Network X RWA Inc: Integrating Compliance in Asset Tokenisation
    • E Money Network and Chorus One’s Partnership Seeks to Simplify Crypto Staking
    • E Money Network Partners with Redbelly Network to Accelerate Compliant Real World Asset Tokenisation
    • E Money Network collaborates with Gala, a pioneering Web3 ecosystem
    • E Money Network Partners with zkCross Network to Power Seamless Liquidity in Web3
    • E Money Network and Xend Finance Partnership Aims to Boost Financial Inclusion
    • E Money Network and Sheertopia Partnership Set to Revolutionise Gaming Industry
    • E Money Network X Patex: Democratising Finance at a Global Level
    • E Money Network X Sharpe AI: Compliance Meets AI-Powered Innovation
    • E Money Network X Play Zap: Bringing the Best of Web3 to Gaming
    • E Money Network X Buk Protocol: Powering a More Compliant, Efficient Digital Asset Marketplace
    • ZetaChain X E Money Network: A Turning Point for Compliance-Driven Innovation in Web3
    • E Money Network X Kvants: A Powerful Synergy for Enhanced User Experience in the RWA Sector
    • CertiK Security Audit: A Testament to the Robust Security of E Money Network
    • E Money Network to Empower Plume Network Users with Fiat-to-Onchain Accessibility and Crypto Card
  • 🎙️EMN Weekly
    • EMN Weekly Issue #1
    • EMN Weekly Issue #2
    • EMN Weekly Issue #3
    • EMN Weekly Issue #4
    • EMN Weekly Issue #5
    • EMN Weekly Issue #6
    • EMN Weekly Issue #7
    • EMN Weekly Issue #8
    • EMN Weekly Issue #9
    • EMN Weekly Issue #10
    • EMN Weekly Issue #11
    • EMN Weekly Issue #12
    • EMN Weekly Issue #13
    • EMN Weekly Issue #14
    • EMN Weekly Issue #15
    • EMN Weekly Issue #16
    • EMN Weekly Issue #17
    • EMN Weekly Issue #18
    • EMN Weekly Issue #19
    • EMN Weekly Issue #20
    • EMN Weekly Issue #21
      • EMN Weekly #22
    • EMN Weekly Issue #22
    • EMN Weekly Issue #23
  • ⛓️Products & Tech
    • E Money Wallet: Secure Crypto Transactions with Regulatory Compliance
    • Unlocking Opportunities: Exploring the E Money Network for Developers
    • E Money Network: Driving the Next Wave of Crypto Apps
    • Security-First - A Deep Dive into E Money Network’s Robust Features
    • E Money Network is Unlocking Unparalleled Growth of Stablecoins in the Solana Ecosystem. Here’s How?
  • CEO's Spotlight
    • MiCAR: Ushering in a New Era of Stability and Security for Europe
    • Why Do Web3 Developers Need to Focus on Building RWA Applications
    • RWAs are the Next Big Catalyst of Growth in the Crypto Industry; Here’s How
  • ⁉️FAQs
    • Scallop -> E Money Network
    • $2 Million RWA Grant Program
    • Grant Program
    • Testnet
    • E-Money Network Beta Quest
    • $SCLP Community Airdrop
    • ETH Staking FAQs
    • How to Order E Money card from E Money Wallet Guide
  • Others
    • Highlights of X Spaces “From Code to Compliance: Regulatory Insights for RWA Tokenisation"
    • Key Insights from the E Money Network X SuperTeam Bounty Contest Content
Powered by GitBook
On this page
  • E Money Network’s Role in Expanding Solana’s Stablecoin Capabilities
  • Making Solana Compliant with E Money Network’s Regulated Infrastructure
  • Seamless Fiat On/Off Ramping for Solana Users
  1. Products & Tech

E Money Network is Unlocking Unparalleled Growth of Stablecoins in the Solana Ecosystem. Here’s How?

PreviousSecurity-First - A Deep Dive into E Money Network’s Robust FeaturesNextMiCAR: Ushering in a New Era of Stability and Security for Europe

Last updated 3 months ago

It goes without saying that Solana is among the crypto industry’s most valuable blockchain networks. Known for its scalability, efficiency and cost-effectiveness, Solana, at present, is the second largest blockchain network in the world, with a Total Value Locked (TVL) of over The network recently witnessed a significant surge in stablecoin activity, since mid-January. This growth underlines Solana's increasing role in the decentralized finance (DeFi) ecosystem.

Image: Solana Stablecoins Market ( in volume)

Image : Solana Stablecoins Market ( USDC dominance)

E Money Network’s Role in Expanding Solana’s Stablecoin Capabilities

E Money Network, the world’s pioneering MiCA-compliant BankFi blockchain network, has partnered with Solana to enable compliance capabilities for the network and further bolster its stablecoin growth.

E Money Network’s gamechanging E Money Card is a one-of-a-kind credit card that empowers users to spend their crypto-like cash across the globe. This card enables users to seamlessly convert their crypto into fiat for everyday transactions. By integrating with Solana's high-performance blockchain, the E Money Card offers users efficient and cost-effective payment solutions. For Solana, this integration translates into enhanced utility and greater transaction volume of stablecoins within the network.

When users start spending their Solana stablecoins with their E Money Card, it will boost liquidity, stimulate transaction activity, and further cement Solana’s position as a leader in the blockchain and larger fintech ecosystem, while simultaneously expanding the real-world use cases of stablecoins.

Making Solana Compliant with E Money Network’s Regulated Infrastructure

Beyond payment solutions, E Money Network is committed to enabling compliance within the Solana ecosystem. Real-World Asset (RWA) applications require foundational proofs, including identity verification, compliance adherence, and ownership validation. E Money Network addresses these needs by offering a compliant foundation with integrated identity, ownership, custody and compliant proofs for RWA applications. E Money Network’s robust BankFi infrastructure allows RWA applications to seamlessly connect to the ecosystem without expending additional resources on compliance solutions.

The E Money wallet features an integrated Know Your Customer (KYC) check and Know Your Business (KYB) module. This means that users accessing the Solana ecosystem through E Money Wallet will undergo mandatory KYC checks, effectively eliminating bots and enabling the tracking of malicious actors. dApps in the Solana ecosystem leveraging the E Money Wallet will also be mandated to fulfill KYB procedures, ensuring adherence to local jurisdictional laws.

Seamless Fiat On/Off Ramping for Solana Users

One of E Money Wallet’s most distinguishing features is how effortless it makes the on-ramping and off-ramping process, a common challenge in the crypto space. Equipped with International Bank Account Number (IBAN) integration, it enables users to directly swap cryptocurrencies for fiat, within the wallet. The fiat is stored on-chain in the user's account and can be utilized outside the E Money Network ecosystem. This seamless integration will allow Solana users to manage and use both fiat and crypto assets directly from a single interface, eliminating the need to exit the ecosystem for fiat on/off ramping and transactions.

In conclusion, as stablecoin volumes on Solana continue to rise, E Money Network is strategically positioned to lead this growth. The integration of E Money Card and Wallet within the Solana ecosystem will help enhance the utility and compliance of stablecoins within the ecosystem, and drive broader adoption and growth of the Solana ecosystem.

Not only is Solana a valuable contributor to the crypto ecosystem, but it is also carving out a niche in the mainstream economy, as evidenced by its recent strategic partnerships. PayPal has integrated its stablecoin, for enhancing transaction speed and cost-efficiency. Payments giant , selecting Solana as one of the networks for onchain transaction settlement. Additionally, for $1.1 billion highlights the increasing interest in stablecoin applications. This spells growth for the Solana ecosystem as well, due to its robust reputation in the stablecoins market.

PYUSD, onto the Solana network
Stripe has reinstated support for USDC transactions
Stripe's acquisition of the stablecoin platform Bridge
⛓️
$11 billion.
jumping by more than 73%
Page cover image