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State Street becomes the first GSIB to tokenize assets on Solana using PYUSD for fast on-chain transactions. Despite strong institutional adoption, SOL faces short-term dips amid market fear.

#Coingabbar #Crypto #Solana #CryptoMarket #CryptoCommunity #Updates
Transcript
00:00State Street launches SweepFund on Solana. State Street becomes the first GSIB to tokenize
00:06assets on Solana's public blockchain. SweepFund uses PYUSD for fast, flexible institutional
00:12on-chain deposits and withdrawals. Fund seeded with $200 million and expanding soon to Stellar
00:18and Ethereum networks. SOL dipped short-term due to market fear despite strong institutional
00:22adoption momentum.
00:30Transcription by ESO. Translation by —
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