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Crypto payment gateway Finassets.io has switched on $USDC payment Solana support inside its Back Office, giving merchants a new way to accept dollar-pegged stablecoins through one of the fastest and cheapest blockchains in the industry. The move plugs $USDC ($SOL) into an already-crowded lineup of more than 70 supported cryptocurrencies, meaning businesses using Finassets don’t have to rebuild anything to start taking payments on the new network.
Key takeaways
- Finassets.io now supports $USDC payments on the Solana network, joining 70+ other cryptocurrencies already available through its Back Office and API.
- Solana carries roughly $6.7 billion in circulating $USDC, the second-largest share after Ethereum.
- Existing Finassets merchants can turn on $USDC ($SOL) with zero new integration work.
- New merchants can choose between a no-code payment button or a full API integration.
- Access is limited to eligible merchants in selected international markets, subject to compliance checks.
Finassets Adds $USDC Payment Support on Solana Network
The short answer is that Finassets has simply extended its existing crypto payment infrastructure to cover a new network, rather than launching a separate product. $USDC ($SOL) now sits alongside dozens of other supported assets, and merchants who already process crypto through Finassets can flip it on without touching their setup.
Core integration benefits for merchants
Merchants can accept and process $USDC on Solana alongside the platform’s existing roster of 70-plus cryptocurrencies, using the same Back Office, payment button, checkout page, and API they already have connected. That matters because it removes the usual friction of adding a new payment rail — no new contracts, no separate dashboard, no additional onboarding queue.
Seamless adoption with existing Finassets infrastructure
For businesses already live on Finassets, enabling $USDC ($SOL) is a matter of switching it on inside the Back Office. New merchants signing up now get two integration paths to choose from:
- Payment button — installs directly on a website or online store with no backend development required, letting customers pay straight from a Solana wallet.
- API integration — generates a unique Solana wallet address for each transaction and tracks payment status, including destination and confirmation, through a webhook.
Both options come with sandbox access and setup documentation, so teams can test the flow before taking it live.
Advantages of Using Solana for $USDC Payments
Solana isn’t just fast — it already handles a substantial slice of the world’s $USDC supply, which is exactly why Finassets picked it as its next network. That combination of scale and speed is the core selling point behind the expansion.
Solana’s market share and network reliability
Solana holds the second-largest share of circulating $USDC after Ethereum, at roughly $6.7 billion of Circle’s total supply The network is also built for higher throughput than most alternatives, and its mainnet has reportedly run without an outage for more than two years — a track record that gives merchants both scale and operational reliability when settling stablecoin payments
Cost and speed benefits over Ethereum
Network choice still comes down to merchants prioritize two key metrics above all others: the expense associated with executing a transfer, and the duration required for transaction settlement. In both cases fronts, Solana comes out faster and cheaper than Ethereum, positioning it as one of the more cost-effective options for settling $USDC at scale today. USDT and $USDC already run across multiple networks inside the Finassets Back Office, and $USDC ($SOL) extends that multi-chain setup rather than complicating it. The platform’s Auto-Convert feature converts incoming crypto into a stablecoin the moment a payment lands, locking in the rate at that instant to shield merchants from price swings.
“$USDC on Solana is one of the most efficient stablecoin payment options available today. It combines a widely used dollar stablecoin with one of the fastest and lowest-cost networks. We added it to give merchants a faster, more cost-effective way to move $USDC — especially when they’re processing payments at scale,” said Vitalijs F., CEO of Finassets.
Security, Compliance, and Eligibility for Merchants
Adding a new network doesn’t mean loosening the rules — $USDC ($SOL) runs under the exact same security and compliance framework Finassets applies to every other supported asset. That consistency is meant to reassure merchants that scale doesn’t come at the expense of safety.
Security infrastructure and operational standards
Once enabled, $USDC ($SOL) transaction status and history are tracked per asset inside the Back Office, and funds become available to users roughly 30 seconds after the network validates the transaction. The same security protocols apply uniformly throughout every supported asset, including MPC-based wallet technology, two-factor authentication, role-based access controls, and IP whitelisting.
Merchant eligibility and compliance requirements
$USDC ($SOL) support isn’t automatically available to every business on the platform. It’s limited to eligible merchants in selected international markets, and access depends on meeting Finassets’ program terms, passing verification, and satisfying applicable compliance requirements. Founded in 2021, Finassets is a Panama-registered B2B crypto payment infrastructure provider built for cross-border and crypto-driven businesses, with fees starting at 0.40% and scaling down to 0.20% as transaction volume grows.
Can existing Finassets merchants accept $USDC on Solana without additional integration?
Yes, existing merchants can enable $USDC ($SOL) directly in the Back Office using their current payment button, checkout, and API.
What are the integration options for new merchants using $USDC on Solana
New merchants can integrateintegration that generates a unique Solana wallet address per transaction
How does Solana compare to Ethereum for $USDC payments?
Solana offers faster transaction settlement and lower costs than Ethereum for $USDC payments
Is $USDC ($SOL) payment support available globally through Finassets?
Support is available to eligible merchants in selected international markets, subject to Finassets’ compliance and verification requirements.
Article produced with the assistance of artificial intelligence and reviewed by the editorial team.
Source: cryptonews.net