- Gemini launches a Solana credit card that offers up to 4% rewards in SOL on eligible purchases.
- Cardholders can auto stake earned SOL and earn up to 6.77% yield without using external wallets.
- The card supports over 50 cryptocurrencies and includes extra benefits through Gemini’s Vault Rewards program.
Gemini has launched a new Solana Edition Credit Card. The card allows users to earn rewards in SOL with every purchase. Rewards can be earned at a rate of up to 4% depending on the spending category. Rideshare, gas, and EV charging are eligible for the highest return rates. The card is available to both new and existing Gemini users.
The new card also integrates a key feature: automatic staking of earned SOL. This is the first time Gemini has included this function in its rewards program. Auto-staking starts during sign-up or can be activated later in account settings. Rewards are staked directly within Gemini’s platform, removing the need for manual transfers.
Auto-Staking Brings Passive Yield
Cardholders can earn up to 6.77% annual yield on staked SOL. The staking process runs on Solana’s validator system. It employs intelligent contracts to process block authentication and the dispensing of rewards. Gemini is the bridge between the users and the Solana network.
This move adds utility to everyday purchases while supporting blockchain security. Users help validate transactions passively through staking. No external wallets or technical steps are required. Rewards continue to generate returns as long as they remain staked.
Expanded Crypto Support and Partner Benefits
Gemini continues to offer compatibility with over 50 cryptocurrencies. This consists of Bitcoin, Ethereum, and XRP. The platform allows users to have flexibility about the type of reward they want. Users can switch assets or stake different tokens within account settings.
There are no annual or foreign transaction fees. The card includes deals from partners such as Booking.com and Lyft. Additional cashback offers of up to 10% are available through Gemini’s Vault Rewards program. These depend on spending levels and ongoing promotions.
Growth in Solana Integration and Market Position
Gemini has increased its focus on the Solana ecosystem. The platform now supports USDT and USDC transfers on Solana. These additions offer faster settlement and lower transaction fees. Earlier this year, Gemini launched tokenized MSTR shares in the EU to give users blockchain access to U.S. equities using real securities.
Internal data shows that users who held SOL for one year saw a 299% increase in value. This data supports Gemini’s decision to expand its offerings with Solana-based products. The Solana card follows the earlier launch of Gemini’s XRP Edition Card. That product helped boost the adoption of crypto-backed rewards among retail users. Moreover, Gemini filed for a Nasdaq IPO as GEMI.
Gemini’s shares rose 5% following the Solana card announcement. The stock was quoted at $ 20.67, and it was coming out of a series of losses. The company is still working on expansion through strategic blockchain integration.
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