Tether Launches USDT On Ethereum Rival Solana Blockchain
This Tether integration with Solana would enable users to exchange Tether tokens at speeds higher than 50,000 transactions per second. Transaction fees are expected to be as little as $0.00001 per transaction. Per the release, this will aid the growth of high-speed, low-cost applications, including those in the decentralized finance (DeFi) space.
Tether already has integrations with Algorand, Ethereum, EOS, Liquid Network, Omni, Tron, and Standard Ledger Protocol. Solana is the eighth blockchain to support Tether.
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