WSOP partners with Solana Foundation to accept SOL buy-ins at select events

The poker tournament series said players will be able to enter some events with SOL and receive stablecoin payouts on Solana, marking a first in WSOP history.

SOL

Summary

WSOP has partnered with the Solana Foundation to let players buy into select tournaments using SOL for the first time in the series' history. The arrangement also allows stablecoin payouts on Solana, introducing blockchain-based payment rails to certain events. The move points to a practical use of crypto for event payments and prize distribution, where stablecoins can reduce volatility compared with paying winnings in a fluctuating token.

Terms & Concepts
  • SOL: Solana's native token used for fees and transfers.
  • stablecoin: Digital token designed to maintain a steady value.
  • Solana: Blockchain network used for fast, low-cost transactions.