Solana Developments May 2026: SoFiUSD Launch, Raydium Hits $1T Volume, Regulatory Actions

Key points

• •Market analysts forecast Solana’s price to reach $200 by mid-2026, signaling strong bullish momentum. However, some price charts and technical analyses also warn that Solana is approaching critical support levels near $80, with risks of significant price corrections similar to earlier dips in the year.[FinanceFeeds][AMBCrypto]
• •Cash App expanded USDC stablecoin transfer support to include Solana along with Ethereum, Polygon, and Arbitrum, enhancing cross-chain payment usability for millions of users on May 28, 2026. This expansion supports broader adoption of Solana as a preferred blockchain for stablecoin transfers and digital payments.[Crypto Adventure]
• •SoFi achieved a pioneering milestone by launching SoFiUSD (SoFiD), the first stablecoin issued by a U.S. national bank, on the Solana blockchain dated May 28, 2026. This launch strengthens Solana’s emerging role in regulated financial products and the institutional adoption of its ecosystem.[Castle Crypto]
• •The Solana ecosystem saw substantial liquidity growth as the USDC Treasury minted 250 million USDC tokens on the Solana chain, bolstering stablecoin availability and supporting DeFi activities. Concurrently, Streamex enabled 24/7 secondary liquidity for the GLDY token via Orca, improving market access and trading opportunities on Solana.[TradingView][WEEX]
• •Raydium, a key decentralized exchange on Solana, surpassed an impressive $1 trillion in trading volume following its listings on major platforms Robinhood and Revolut, underscoring significant growth and liquidity in Solana's DeFi sector as of May 28, 2026.[markets.businessinsider.com]
• •The Solana Foundation launched the Tokens Assets API, which is already integrated by over 90 products including the Phantom wallet and DFlow. This API facilitates the use of tokenized real-world assets such as Tesla and Bitcoin on Solana, enhancing asset interoperability and developer tools within the blockchain.[Reddit - r/solana]
• •Regulatory scrutiny of Solana-based projects escalated as South Korea filed its first criminal case over a decentralized exchange rug pull tied to a Solana meme coin scheme, indicting five individuals on May 28, 2026. This highlights ongoing legal and compliance challenges facing Solana’s decentralized finance ecosystem.[Bitcoin News]
• •Orca decentralized exchange expanded its offerings by launching a marketplace dedicated to regulated, tokenized real-world assets on Solana on May 27, 2026. This development broadens the scope of compliant asset trading on Solana, bridging traditional finance with blockchain innovation.[Pluang]

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