Breaking News: Tether issues USDT on Solana, SOL surges over 50%
According to The Block, Tether has launched a new version of USDT on the emerging public chain Solana. This news has caused the price of Solana (SOL) to soar, with an increase of over 50% at one point, reaching around $3.55 at the time of writing. It is reported that Solana can provide a transaction speed of 50,000 transactions per second (TPS) with a fee of only $0.00001 per transaction.
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According to The Block, Tether has launched a new version of USDT on the emerging blockchain Solana. This news has caused a surge in the price of Solana (SOL), rising by over 50% at one point, with the price reaching approximately $3.55 at the time of writing. Solana is said to be capable of processing 50,000 transactions per second (TPS) with a fee of just $0.00001 per transaction.
Amid the high Gas Fees on Ethereum due to the DeFi craze, other blockchains integrated with Tether are expected to see increased demand for fund transfers. Currently, there are a total of eight blockchains, including Solana, that have integrated with Tether: Algorand, Ethereum, EOS, Liquid Network, Omni, OMG Network, and Tron.