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- The credit card expands Gemini’s Solana integration following USDC and USDT support on the network, while users can earn up to 10% back through Gemini’s Vault Rewards program.
- The launch follows Gemini’s broader ecosystem expansion, which included a MiFID II license in Malta and a $50 million Nasdaq investment.
Crypto exchange Gemini has launched a new Solana Edition Credit Card, allowing users to earn and automatically stake SOL rewards on eligible purchases.
The move follows the success of Gemini’s XRP-branded card, which helped expand the platform’s crypto rewards ecosystem.
The Solana Edition Card from Gemini
The Solana Edition card offers up to 4% back in SOL, with the option to stake rewards directly from the user’s account for yields of up to 6.77%. This marks the first time Gemini cardholders can enable auto-staking. It also removes the need for manual transfers or third-party wallets.
Using Gemini’s Vault Rewards program, SOL cardholders can unlock up to 10% back with select merchants, depending on spending levels and promotions. The card retains Gemini’s standard features. This means no annual or foreign transaction fees, instant crypto rewards, and support for over 50 cryptocurrencies, including Bitcoin and Ether.
Cardholders also continue to receive partner benefits from major brands such as Booking.com and Lyft, as Gemini further integrates blockchain-native rewards into everyday payments.
As recently reported by CNF, Grayscale Research has released a new report identifying Solana (SOL) as the top-performing smart contract network in terms of growth and real-world adoption.
According to the study, Solana outpaces most of its competitors across key indicators, including daily transaction volume, fee generation, and user activity. The robustness of the Solana ecosystem could be the reason behind Gemini’s recent offering of the Solana Edition Card.
Gemini on Strategic Partnerships to Expand Its Ecosystem
Crypto exchange Gemini continues to broaden its crypto ecosystem through strategic partnerships and regulatory progress. In May, Malta granted Gemini a MiFID II license, enabling the exchange to offer cryptocurrency derivatives across the European Union.
Co-founders Cameron and Tyler Winklevoss have also strengthened Gemini’s political and investment influence, donating $21 million in Bitcoin to support pro-crypto policy initiatives in the United States.
In a major vote of confidence, Nasdaq invested $50 million ahead of Gemini’s planned IPO, signaling strong institutional trust in the exchange’s long-term prospects. The GEMI stock also had a blockbuster debut on Wall Street last month in September.
However, the stock price has been moving sideways since then, and is taking a potential support at $20.66 as of press time.
Gemini’s latest Solana-linked credit card aligns with its broader integration strategy for the Solana (SOL) network, following recent support for USDC and USDT transfers on Solana. The move allows users to transact with stablecoins more efficiently and at lower cost.
