Tether transfers 1 billion USDT from Solana chain to Ethereum, Solana official remains confident in continued growth.
Tether announced on the evening of 11/18 that it will collaborate with a third party to transfer 1 billion USDT from the Solana chain to Ethereum. The total supply of USDT remains unchanged, only the amounts on each chain will be adjusted. However, the reason for this move was not disclosed.
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On the evening of 11/18, Tether announced that it would collaborate with a third party to transfer 1 billion USDT from the Solana chain to Ethereum. The total supply of USDT remains unchanged, only the quantity on each chain is adjusted. However, the reason for this move was not specified.
In the early hours of 11/19, the Solana Foundation released a network status report, stating that they were not affected by the FTX incident. They reported an increase in TPS, a decrease in block time, and pledged to provide more transparency. Additionally, more applications are now using their chain.
Recently, Binance temporarily suspended deposits of USDT and USDC on the Solana chain, but later resumed deposits of USDT.