- Solana’s low fees and single-network design offer smoother stablecoin experience for real-world transactions according to Krueger.
- Critics counter that Bitcoin/Ethereum aren’t used for retail payments either, suggesting this won’t determine long-term adoption.
Analyst Fred Krueger recently shared a view on stablecoin adoption. He suggested mass use of coins like USDC won’t happen on Ethereum. Krueger believes Solana provides a better platform for this purpose.
My gut feel is when Stablecoins really go mainstream, they go mainstream on Solana, not ETH.
I don't see people using MetaMask and moving in and out of L2s on ETH to buy a coffee at Starbucks.
I do see them using USDC on Solana.
Plus I just got notified my Solana smart phone…
— Fred Krueger (@dotkrueger) August 6, 2025
He explained his reasoning. Krueger stated he cannot picture people using MetaMask. He doubts users will navigate Ethereum’s secondary layers. This activity would be needed just to buy something like coffee at Starbucks. However, he sees people easily using USDC directly on Solana.
His argument points to Ethereum’s complexity. Everyday payments might face hurdles there. Using MetaMask often requires switching between different secondary networks. These networks, called L2s, aim to reduce congestion on Ethereum’s main chain. They also try to lower transaction costs. Yet, this process adds extra steps. Users must manually change networks. They frequently pay multiple fees.
Krueger’s position highlights Solana’s different approach. He sees a smoother experience there. Solana transactions involve very low fees. Users generally don’t need to switch networks. This simplicity makes Solana more suitable, in his view. Stablecoins like USDC could see wider daily use on it.
One user stated this limitation doesn’t dictate which network will succeed long-term. “People don’t use BTC at Starbucks either” the user wrote. They added this won’t be why Ethereum achieves mass adoption. The debate continues about practical blockchain use for daily spending.
Solana (SOL) is trading at $177.58, up 1.24% on the day, extending its 17.05% monthly rally. The market cap stands at $95.77B, with a daily trading volume of $6.89B. Despite being down 5.95% year-to-date, SOL is still up 22.66% year-on-year, signaling resilience in a volatile market.
A key update today is the launch of the Glass Full Foundation by Pump.fun, a Solana-based memecoin launchpad, designed to enhance liquidity for various ecosystem projects. This move aims to strengthen Solana’s DeFi and meme token sectors by supporting smaller projects and boosting their market presence.
Institutional interest in Solana remains strong, with recent reports indicating nearly $600M in SOL purchases by large investors and multiple corporate treasury integrations, including iSpecimen’s $200M Solana treasury plan.
From a technical perspective, SOL is showing price compression as its key EMAs converge around the $162–$165 range, which historically precedes major volatility events.
Analysts are watching for a potential breakout similar to the 84% rally seen in October 2024. A sustained move above $180–$185 could set up a challenge of the $200 level, while a breakdown below $171 may lead to a retest of the $162 support zone.
