The Solana ecosystem continues its rapid expansion, with a series of updates designed to enhance payments, institutional access, and token onboarding. Key developments include Western Union’s stablecoin launch on the blockchain, new SOL-based ETFs, an innovative exchange-traded product for BONK, and Sunrise’s platform for instant liquidity. 8 Western Union’s USDPT Stablecoin Launch. On October 28, Western Union announced plans to introduce its U.S.-dollar-backed stablecoin, USDPT, on the Solana blockchain in early 2026. This move will see Anchorage Digital Bank, the first federally chartered crypto bank in the U.S., manage the token reserves. These reserves consist of cash and short-term U.S. Treasuries, and they will be managed in compliance with federal standards under the GENIUS Act of 2025. The stablecoin’s launch is part of a broader initiative to improve cross-border remittances by reducing fees and settlement times while boosting transparency. Solana was chosen for its low transaction costs and high throughput, capable of handling thousands of transactions per second at affordable fees, making it suitable for high-volume transfers. Western Union’s USDPT promises near instant settlement with full auditable records, all within the secure environment of the Solana network. The Stablecoin will be implemented through a new Digital Asset Network to bridge digital wallets and physical points of access, expanding blockchain accessibility to underbanked populations while maintaining traditional financial services. 2 New SOL ETFs Drive Institutional Interest. The growing interest from institutional investors has seen regulated investment vehicles launch. Fidelity and Canary Capital have recently launched Solana spot ETFs (FSOL and SOLC), providing U.S. investors with a regulated way to access SOL, including staking-based yields. Canary’s SOLC uses Marinade Select validators to provide regulated exposure and distribute staking rewards. It offers cash and physical redemption with a 0.50% management fee. Fidelity’s FSOL tracks the Fidelity Solana Reference Rate and stakes up to 100% of SOL via Anchorage, Bitgo, and Coinbase custodians, and it charges a 0.25% management fee with staking rewards shared under a 15–15–15 structure. Recent inflows into Solana staking ETFs show growing institutional interest, reflecting a shift in crypto investment from speculative trading to yield-generating staking on chains like Solana. Launch of BONK ETP. Bitcoin Capital AG is launching a BONK exchange-traded product (ETP) on the SIX Swiss Exchange on November 27th. This gives regulated direct exposure to BONK, a meme coin within the Solana ecosystem. Key details include: Issuer: Bitcoin Capital AG; Ticker: BONK; Management Fee: 1.5%; Backing: 100% physically backed with BONK; Custody: Institutional-grade regulated storage; Leverage: None. The ETP allows investors to gain exposure to BONK without managing wallets, private keys, or decentralized exchanges. Daily reporting ensures transparency. SIX Swiss Exchange provides market-making support and liquidity for easy accessibility in traditional financial channels. Sunrise: Streamlining Token Onboarding. Wormhole Labs has introduced Sunrise, a platform standardizing token onboarding on Solana, enabling new assets to be traded with deep liquidity from day one. The platform addresses challenges where previous new tokens faced fragmented markets and delayed liquidity. Native Token Transfers (NTT): Tokens enter Solana natively, avoiding wrapped versions; Unified Routing: Simplifies bridging and reduces errors from multiple intermediary tools; Day-One Markets: Liquidity providers can deploy capital before launch; Aggregator Integration: AMMs and trading platforms display new listings immediately. Monad (MON) became the first major token launched through Sunrise, demonstrating its ability to integrate external assets into Solana quickly and efficiently. The platform supports cross-chain tokens, tokenized commodities, and institutional assets, while seamlessly integrating with the Solana DeFi ecosystem. MOG ETF Filing and Increased Liquidity for MOG. Canary Capital has filed to launch an ETF tracking Mog Coin (MOG), a meme coin created in 2023. This move saw MOG’s market value increase from $140 million to $169.5 million briefly. The asset will be held in institutional custody and tracks its market performance without leverage. About 39,000 wallets currently hold MOG, with the top 100 holding 53% of supply. While lacking functional blockchain utility beyond cultural significance, it offers investors a chance to explore collectibles or community-driven digital assets. Conclusion: Solana’s Evolution towards Mature Ecosystem. These recent updates signal a maturing ecosystem focused on payments, institutional access, token onboarding, and staking. Western Union’s USDPT leverages Solana for low-cost, fast remittances. Fidelity and Canary Capital ETFs increase regulated exposure and staking options. BONK ETP and Sunrise simplify access to memecoins and external tokens. These developments showcase Solana’s capability to handle high-volume payments, staking-based investment, and seamless integration of new tokens into its network. Resources: 1. Sunrise on X: Announcements (November 2025). 2. Sunrise Website: General Information. 3. Bonk X platform: Announcements (November). 4. Bitcoin Capital portal: About BONK ETP. 5. Solana on X: Announcements (November). 6. SoSoValue platform: Solana spot ETF data. 7. Press Release – Western Union Announces USDPT Stablecoin on Solana and Digital Asset Network 8. Regulatory filing by Canary Capital: MOG ETF filing. 9.