Announcing support for Solana
We're excited to announce that we've added support for Solana. Businesses can now create branded fiat-backed stablecoins on Solana to power payments, consumer rewards, and other applications.
Base and Treasury allow fintechs and brands to create their own stablecoins in minutes by abstracting tokenization, gas fees, private key management, and all of the underlying technology. Stablecoins can be backed by reserves held in Brale's regulated treasury infrastructure, or by existing assets in custody.
Issue regulated stablecoins on Solana
Fund stablecoins with off-chain or on-chain assets while making them available for others to acquire. Stablecoins are fully backed by cash, cash equivalents, and short-term U.S. government bonds held in U.S. financial institutions. Reserves are highly liquid, supporting typical redemptions being completed within a day.
“Since inception, CFX Labs has been seeking out the top 1% of collaborators on a mission to reshape how money moves. Both Solana and Brale represent best of breed at the intersection of technology and the future of payments. We're excited to partner with Brale on the journey ahead.”
Use stablecoins on Solana
Stablecoins can be minted to your platform, third-party custodians, or on-chain protocols to make them available in the ecosystem.
When using Solana stablecoins with self-custody wallets, we've found Phantom, Solflare, Glow, and Backpack to be friendly to bespoke assets.
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| Supports new stablecoins | ||||
| Automatic recognition |
Why Solana
Solana is a scalable, low-fee blockchain well suited for stablecoins payments and consumer applications. Solana's multi-threaded design enables parallel transaction execution, allowing it to process 2,000 transactions per second. Fees average $0.00025 per transaction and are highly predictable, ensuring a stable user experience at scale.
Solana's payments ecosystem is growing quickly with a strong focus on stablecoins. Solana Pay, an open-source protocol allowing businesses and consumers to conduct real-time payments, was integrated by Shopify in 2023. In brick-and-mortar, Decaf now allows any merchant with a Square terminal to accept stablecoin payments at point of sale. In September, Visa enabled partners to send and receive stablecoin settlement on Solana.
Create your own bespoke assset on Solana