Cash App Integrates Solana for Fast Stablecoin Transfers, $BEST Token Staking Added
Cash App announced plans to adopt the Solana network for stablecoin transfers by 2026, aiming to cut settlement times and transaction costs for peer-to-peer payments and remittances. By leveraging Solana’s high throughput and low fees (SOL), Cash App hopes to scale on-chain flows without the congestion and costs often seen on other chains — a practical step that could broaden everyday crypto use cases.
The rollout includes a native $BEST token that offers lower fees, governance rights and presale access, plus a staking program launching with a headline 77% annual yield that decreases over time. That sizeable APY may attract liquidity quickly, but users should be aware of tapering rates and protocol risk. If successful, the integration could boost Solana activity and stablecoin utility, though market and regulatory scrutiny will shape how sustainable the incentives prove to be.