Ah, the banks! Those venerable institutions that graciously charge you a fee for the privilege of holding onto your money for an eternity, while gifting you with interest rates so paltry they might as well be in Monopoly money. In a delightful twist of fate, Anatoly Yakovenko, the founder of Solana, has bravely stepped forth to reveal how stablecoins are pulling back the curtain on this farcical charade.
In a recent tête-à-tête with the ever-inquisitive Tom Bilyeu on his show, Impact Theory, our hero Yakovenko unveiled some rather astonishing figures from his own enterprise and offered a tantalizing glimpse into the future of Solana come 2026.
A $40 Million Test Case
Picture this: Solana sold a staggering 150,000 phones, each priced at a mere $500, with customers joyfully paying via credit cards or those enigmatic stablecoins.
Now, if one opted for credit cards, they were greeted with a delightful 2% fee, not to mention the exquisite wait of 60 to 90 days before the funds sauntered their way into Solana’s bank account. How splendid!
Conversely, those shrewd souls who chose stablecoin payments were met with no fees whatsoever, and their funds appeared faster than one can say “financial revolution.”
“As a merchant, we had to pay a fee on the credit cards about 2%. And we didn’t have to pay that fee on the stablecoin part,” Yakovenko remarked with a twinkle in his eye. “We got the stablecoin funds immediately. On the credit cards, we had to wait 60 to 90 days before we actually got the funds in our bank account.”
It seems that the chasm between cost and speed was wide enough to save several engineering salaries on just one product launch. Talk about a win-win!
The Banking Spread No One Talks About
But the fun doesn’t stop there! Yakovenko also took a moment to poke fun at how banks continue to profit from unsuspecting depositors, all while offering them returns that could barely buy a cup of coffee.
Banks generously bestow upon customers a whopping 0.5% interest on deposits, whilst simultaneously reaping nearly 5% by parking that same cash in treasuries. That’s what one might call a 10x spread-something that would be utterly scandalous in any fair competition.
Meanwhile, enter the dashing stablecoin companies, ready to offer 4% yields instead. And therein lies the rub: banks are feeling threatened and are pushing back with all the gusto of a cornered feline.
“The difference, the spread… is astronomical. In any kind of contestable market, that would be impossible,” he declared, with an air of bemusement.
According to our gallant founder, banking lobbyists are now scrambling to thwart any regulations on stablecoins, lest these juicy rewards find their way into the hands of the common folk.
What’s Next for Solana in 2026
As for what lies ahead for Solana in the year of our Lord 2026? Hold onto your hats! Yakovenko confirmed that they will soon unveil Alpenglow, a new consensus algorithm crafted at the illustrious ETH Zurich, which will take the place of his original proof-of-history system-because why not keep the excitement alive?
Expect to see more stablecoins and tangible assets making their grand debut on the network. And, in a plot twist worthy of a novel, he hinted that a recent draft from the SEC regarding market structure might just pave the way for companies to IPO directly on-chain. One can only imagine the delightful chaos that would ensue!
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2026-01-23 16:46