{"id":199491,"date":"2021-03-11T14:30:00","date_gmt":"2021-03-11T11:30:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/tether-tokens-go-live-on-ethereum-competitor-solana-blockchain\/"},"modified":"2021-03-11T14:30:00","modified_gmt":"2021-03-11T11:30:00","slug":"tether-tokens-go-live-on-ethereum-competitor-solana-blockchain","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/tether-tokens-go-live-on-ethereum-competitor-solana-blockchain\/","title":{"rendered":"# Tether tokens go live on Ethereum competitor Solana blockchain"},"content":{"rendered":"<p>&#8220;<strong># Tether tokens go live on Ethereum competitor Solana blockchain <\/strong>&#8221;<br \/>\n<img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMDIvNjdhZDVkYjctNDc5OC00MzFmLWJjZmItMjAzNTFiNDgzNjcyLmpwZw==.jpg\" \/><\/p>\n<div class=\"post-content\" data-v-5a136f3a>Stablecoin issuer Tether has announced that\u00a0USDT\u00a0tokens\u00a0are launching today, March 9, on the Solana (SOL) blockchain. Speaking to Cointelegraph, Tether&#8217;s chief technical officer said that the integration with the layer 1 blockchain promises to support a wide array of projects in the Decentralized Finance, or DeFi, sector and other Web 3.0. activities.<\/p>\n<p>As previously reported, Solana is being pitched as a competitor to Ethereum, with the hope of drawing DeFi actors into its network as they\u00a0wait for the full benefits of Eth2 to finally kick in.<\/p>\n<p>According to Tether, Solana will enable users to transact USDT at speeds higher than 50,000 transactions per second. It also claims that transaction fees could be as low as $0.00001 each and that this lower-cost, higher-speed alternative to Ethereum will provide a boost to new <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>lications and projects in the DeFi space. Tether has already integrated with multiple blockchains alongside Ethereum, among the Algorand, EOS,\u00a0Liquid Network, Omni and Tron.<\/p>\n<p>Among the projects that have recently been built upon Solana is Serum, a decentralized derivatives exchange. In a recent interview with Camila Russo, host of the Defiant Podcast,\u00a0FTX exchange co-founder and CEO Sam Bankman-Fried said that Serum had chosen Solana over Ethereum due to its superior speed and infrastructure. &#8220;We need [a blockchain], like, a million times faster than Ethereum,\u201d he said.<\/p>\n<p>Even as competitor blockchains continue to proliferate to meet the needs of the growing DeFi sector, many industry actors believe that ultimately Ethereum 2.0. has key advantages for decentralized applications, including DappRadar&#8217;s Jon Jordan.<\/p>\n<p>Tether has meanwhile integrated\u00a0with layer-two networks such as Hermez, which have become increasingly popular during periods when gas fees have soared on the Ethereum network.<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"markets_outlook\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/tether-tokens-go-live-on-ethereum-competitor-solana-blockchain\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;# Tether tokens go live on Ethereum competitor Solana blockchain &#8221; Stablecoin issuer Tether has announced that\u00a0USDT\u00a0tokens\u00a0are launching today, March 9, on the Solana (SOL) blockchain. Speaking to Cointelegraph, Tether&#8217;s chief technical officer said that the integration with the layer 1 blockchain promises to support a wide array of projects in the Decentralized Finance, or&#8230;<\/p>\n","protected":false},"author":1,"featured_media":199492,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMDIvNjdhZDVkYjctNDc5OC00MzFmLWJjZmItMjAzNTFiNDgzNjcyLmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74867,74868,74891,92498,36041],"class_list":["post-199491","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-altcoin","tag-defi","tag-ethereum","tag-solana","tag-tether"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/199491","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=199491"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/199491\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/199492"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=199491"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=199491"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=199491"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}