Alvarez & Marsal has reportedly accepted its first client payment in USDC on the Solana blockchain, according to a social media post. The move could suggest wider institutional adoption of a network that already handles a large share of global USDC transactions.
Alvarez & Marsal, a global restructuring advisory firm, has reportedly accepted its first client payment in USDC using the Solana blockchain, according to a social media post. The development could suggest increased institutional adoption of the network for financial transactions.
Solana has been gaining traction as a network for high-volume USDC transactions. The blockchain processes over 31% of global USDC transactions, with fees averaging under $0.001, and it is recognized for its speed and cost-efficiency.
Source: Crypto Briefing (snippet-based)
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