Just a week into their Solana stablecoin campaign, Gemini is introducing a SOL-based credit card for American customers. With this integration, Gemini’s users can reap the benefits of buying groceries & everyday essentials anywhere MasterCard is accepted.
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Besides, new Solana (SOL) cardholders on Gemini can subscribe for automatic staking of their idle digital assets, allowing them to earn up to 6.77% by staking directly from their Gemini Card account. For existing customers, Gemini Solana card’s auto staking function has to be turned on when selecting SOL as the reward crypto currency.
A week ago, one of the largest American crypto exchanges introduced USDC & USDT transfers on Solana. Previously, the partnership was nurtured via Gemini’s incentives for institutional SOL players, enabling them to directly stake Solana (SOL) with juicy rewards on Gemini Custody.
Key Solana Price Levels To Monitor This Week
Solana’s (SOL) price has established a solid base at the middle-tier Bollinger Band (BOLL) despite the broader crypto market earthquake. Bouncing off $182 on October 17, Solana’s price saw a wave of institutional demand two days later, as crypto whales stormed in to buy the dip.
Following a breakthrough of the red-label Bollinger Band at $193, Solana’s (SOL) next key resistances are at $230 & $250, while failing to reclaim these levels could eventually result in the retest of $176 support floor.
Right now, the on-chain metrics paint a conflicting picture. Even though the Chaikin Money Flow (CMF) index confirmed that crypto whales are acquiring the asset at this price range, the Bull Bear Power (BBP) meter says the short-sellers a.k.a bears haven’t lost dominance yet.
On The Flipside
- A few months back, Gemini introduced a similar credit card with Solana’s rival Ripple (XRP), also offering 4% cashback on the XRP card edition.
Why This Matters
Credit cards accepting altcoin payments serve as a great example of worldwide adoption of blockchain tech.
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The Gemini Solana Edition Credit Card, launched on October 17, 2025, provides up to 4% back in SOL on purchases, with automatic staking yielding up to 6.77%, enhancing rewards for users.
It’s live as of October 17, with Gemini expanding its Solana ecosystem support, and users can start earning SOL rewards as of today, October 21, 2025, at 06:01 PM EEST.
SOL is trading at approximately $189, up significantly from its lows, though it’s seen a slight dip this week amid market volatility.
Increased card usage, Solana’s $17.48 billion stablecoin supply, and institutional staking via Gemini could propel SOL, though market trends and competition pose risks.
The card offers a unique earning opportunity, and SOL’s upward trajectory is promising, but volatility suggests consulting a financial advisor before investing.
