Solana Emerges as Potential Stablecoin Leader, Rex CEO Warns of Untested Investments

REX CEO David King argues that Solana’s fast and scalable blockchain makes it a strong contender for stablecoin dominance, potentially eclipsing Ethereum. Despite the growing demand for digital asset funds, he believes the industry will see limited innovation in new tokens ETFs until Solana receives regulatory approval. King predicts a similar outcome to Bitcoin and Ethereum ETFs: several issuers launching identical products, leading to investor inflows. However, REX is also awaiting SEC approval for memecoin-linked ETFs tied to Dogecoin, Bonk, and Official Trump.