Companies running cross-border payment flows — PSPs, corporate treasuries, neobanks, B2B platforms — are building on Solana to reduce reliance on correspondent banking networks, lower settlement costs, and reach corridors that are difficult or uneconomical on traditional rails.
Solana hosts 16+ regulated stablecoins covering 12 currencies across 6 continents. Issuers include Circle (EURC), Société Générale FORGE (EURCV), GMO (GYEN), and regional issuers covering BRL, NGN, IDR, ZAR, TRY, and more. These are live on mainnet with real redemption paths — not testnet or pilot deployments.
How It Works
Cross-border FX on Solana runs in three steps:
- Hold currencies as regulated stablecoins. Maintain BRL (BRZ), EUR (EURC), JPY (GYEN), NGN, and other currencies in a single wallet. Each stablecoin is issued by a regulated entity with a real redemption path.
- Swap atomically via aggregated liquidity. Orca, Jupiter and Loopscale aggregates liquidity across 20+ Solana DEXs. Most non-USD pairs today route through USDC — BRZ → USDC → EURC executes as one atomic transaction at a single quoted rate. Pyth oracles provide sub-second reference pricing. The rate shown is the rate executed.
- Enforce compliance at the token level. Token Extensions support KYC via Transfer Hooks, freeze/seize via Permanent Delegate, and confidential transfer amounts — natively, without a separate compliance layer. For organizations that need a permissioned execution environment, Contra enables access-controlled participation while retaining access to mainnet liquidity.
How Companies Are Using Solana for Cross-Border Payments Today
- PSPs & remittance operators: Emerging Market corridor payouts (GBP → USDC → NGN, EUR → USDC → BRL) settle in under two minutes. Eliminate the need to prefund nostro accounts and enables 24/7 settlement. Companies including Felix Pago, Sphere, and Moonpay Commerce (formerly Helio) are running this in production.
- Corporate treasury: Hold a multicurrency treasury in a single multisig (for example, using Squads) and pay in BRL, TRY, JPY suppliers on demand. Each pair routes through USDC and settles in one transaction. Squads and Streamflow have built on this model to eliminate nostro accounts across multiple countries.
- Neobanks & multi-currency platforms: Launch support for 12 currencies via one integration rather than 12 separate banking relationships. USDC functions as the settlement hub; end users see native local-currency balances. Huma, TipLink, and Decaf use this approach today.
- B2B payment platforms & marketplaces: Pay suppliers or contractors in Brazil, Indonesia, or elsewhere from a single wallet. Recipients receive their preferred currency without managing swaps. Credix and Maple have applied this to trade finance, using smart-contract escrow that releases on document verification and converts EUR → USDC → IDR in one atomic transaction.
Stablecoin Coverage
USD is the settlement hub. Every non-USD corridor routes through USD today; direct non-USD pools are growing as volume scales on individual corridors.
| Currency | Issuer | Status |
|---|---|---|
| EUR | Circle (EURC), SocGen FORGE (EURCV) | Live |
| BRL | BRZ, BRL1 | Live |
| JPY | GMO (GYEN) | Live |
| NGN | Local issuers | Live |
| IDR | IDRX | Live |
| ZAR | ZARP | Live |
| TRY | TRYB | Live |
| AUD | AUDC (AUDD) | Live |
| GBP | BCP Technologies (tGBP), Brackfridge (GBPT) | Live |
| KZT | Intebix/Eurasian Bank (KZTE/Evo) | Live (sandbox pilot) |
| KRW | IQ/Frax (KRKQ) | Live |
| MXN | Bitso/Juno (MXNB) | Live |
| CHF | AllUnity (CHFAU), Frankencoin (ZCHF) | Live |
| SGD | StraitxX (XSGD) | Live |
If a corridor you need isn't represented, the Solana Foundation can help identify a potential issuer partner.
Why Solana?
Stablecoins are the asset layer; the underlying chain determines cost, speed, compliance capability, and ecosystem depth.
- Speed and throughput: Solana finalizes transactions in ~0.4 seconds and processes more transactions per day than all other major blockchains combined. It's the only chain that has been stress-tested at consumer payment scale.
- Predictable, low fees: Local fee markets decouple transaction costs from broader network activity. Median transaction fees are ~$0.0013 — stable even during periods of high demand — making sub-dollar payment flows economically viable.
- FX liquidity: Orca, Jupiter, Loopscales, among others aggregate liquidity across 20+ Solana DEXs. Pyth oracles provide sub-second institutional-grade reference pricing. For standard sizes, quotes are real-time and publicly accessible — no RFQ required. For $1M+ clips, Limit Orders, DCA, and direct RFQ integrations with regulated market makers are available to minimize market impact.
- Compliance at the token level: Token Extensions support KYC via Transfer Hooks, freeze/seize via Permanent Delegate, and confidential transfer amounts — natively, without a separate compliance layer. For organizations that require a permissioned execution environment, Contra enables access-controlled participation while retaining access to mainnet liquidity.
- Stablecoin depth: Solana hosts native issuance of the world's top stablecoins, including all major USD stablecoins plus a growing roster of non-USD regulated instruments. 16+ stablecoins across 12 currencies and 6 continents are live on mainnet today.
- Institutional adoption: Visa, PayPal, Fiserv, and Western Union are building on Solana. BlackRock's BUIDL and Franklin Templeton's BENJI are deployed on-chain. The regulatory environment is moving in the same direction — MiCA and the US Stablecoin Act both contemplate the kind of regulated, redeemable stablecoin infrastructure that Solana already supports.