Solana (SOL) cryptocurrency is struggling to reach $100. It hasn't hit that level since early February. Even with the rise in Bitcoin and Ethereum prices, Solana's price remains stagnant. But this price does not reflect the true situation. There is a major issue with Western Union, but will it be enough to push Solana's price to $100?

Western Union unveils Solana's plan for the stablecoin
CoinGape reported that Western Union will use the Solana platform to obtain a stablecoin. And not only that, but stablecoins could serve as a strong marketing advantage for Solana given what is happening with Clarity. After lengthy negotiations with banks that are unwilling to pay yields on stablecoins, a compromise was reached. The stablecoin yield deal could be the second catalyst for Solana's price increase, while Clarity forms the third catalyst.

But there is a fourth matter underway. Earlier this week, Shinhan, South Korea's leading card issuer, announced it will use the Solana platform. It will use it to provide its 28 million cardholders with its digital stablecoin.

But it seems all these developments are not enough to move traders even slightly. The open trading volume is now $1.45 billion per platform on Coinglass. Even so, it is at its lowest level in nearly two weeks.

Leverage absence might be more beneficial than harmful. Because if things start to heat up, SOL's price could see a significant rise, and there will be no fear of pressure stopping the momentum.