From Omni, TRX, Ethereum, among other blockchains, Tether (USDT) is now available on Solana. Developers of the high-speed layer-one blockchain have it that the platform is 50,000X faster than Ethereum. At the same time, Sam Bankman-Fried holds that the decentralized protocol is a million times cheaper than Ethereum.
The First Stablecoin, the Eighth Blockchain
USDT will be the first stablecoin to launch on Solana. According to the coin’s issuer, Tether, the blockchain can offer speeds of up to 50,000 transactions per second with $0.00001 or less charged per transaction.