Tether (USDT), the top stablecoin by market capitalization, became available on the Solana blockchain today.
After the announcement this morning, Solana (SOL) tokens went from a low of $13.81 to $16.06, a 16% increase, according to market data from Nomics. It later corrected slightly.
The price of Solana on March 11. Image: Nomics
In addition to the Ethereum blockchain and now Solana, USDT tokens can already be found on Algorand, EOS, and Tron as well as on a handful of other protocols and networks.
Solana is a proof-of-stake blockchain network that markets itself as a “high speed and low cost” alternative to Ethereum. The Ethereum network is struggling to contain high transaction costs and congestion due to the popularity of decentralized finance (DeFi) and non-fungible token (NFT) applications, many of which are built atop the blockchain.
NFTs are digital assets—often in the form of virtual trading cards or cute collectibles—whose ownership and authenticity can be verified
Źródło: https://decrypt.co/61089/solana-price-pumps-tether-stablecoin-addition
