Gemini launches credit card offering Solana rewards with auto-staking

Core Insights - Gemini has launched a Solana edition of its credit card, allowing customers to earn up to 4% back in Solana rewards on purchases [1] - The company is partnering with select merchants to offer up to 10% back on qualifying purchases for Gemini Credit Card holders [2] Rewards and Staking - Customers can automatically stake their Solana rewards earned from credit card purchases to earn up to 6.77% back [3] - The credit card offers different reward rates based on purchase categories: 4% for gas, EV charging, and rideshare; 3% for dining; 2% for groceries; and 1% for other purchases [6] - New customers can opt in for auto-staking upon sign-up, while current customers can choose to opt in when selecting SOL as their credit card reward [7] Market Position and Growth - Solana (SOL) has a market capitalization exceeding $100 billion, making it the sixth-largest cryptocurrency globally [3] - Gemini reported that users holding SOL rewards for at least a year experienced a growth of 299.1% as of July 27, 2025, indicating strong performance among cryptocurrencies available on the platform [8] Credit Card Features - The Gemini Credit Card has no annual fee, no fee for receiving crypto rewards, and no foreign transaction fees [9] - Customers can switch between more than 50 cryptocurrencies to receive rewards as frequently as they wish [9]