{"id":28436,"date":"2020-09-09T19:57:03","date_gmt":"2020-09-09T16:57:03","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=28436"},"modified":"2025-08-27T11:39:44","modified_gmt":"2025-08-27T08:39:44","slug":"tether-launches-usdt-on-solana-blockchain","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/tether-launches-usdt-on-solana-blockchain\/","title":{"rendered":"Tether launches USDT on Solana blockchain"},"content":{"rendered":"<p>Tether has announced the launch of the USDT stablecoin on the Solana blockchain.<!--more--><\/p>\n<blockquote class=\\\"twitter-tweet\\\">\n<p dir=\\\"ltr\\\" lang=\\\"en\\\">Tether to be the first stablecoin to launch on Solana, an ultra high-speed Layer 1 Blockchain!<\/p>\n<p>The collaboration between <a href=\\\"https:\/\/twitter.com\/hashtag\/tether?src=hash&#038;ref_src=twsrc%5Etfw\\\">#tether<\/a> and <a href=\\\"https:\/\/twitter.com\/solana?ref_src=twsrc%5Etfw\\\">@solana<\/a> will enable Institutions to trade <a href=\\\"https:\/\/twitter.com\/search?q=%24USDt&#038;src=ctag&#038;ref_src=twsrc%5Etfw\\\">$USDt<\/a> at Nasdaq Speeds, confirming USDt\u2019s pivotal role in supporting innovation in the crypto ecosystem. <a href=\\\"https:\/\/t.co\/QODNei7DZ8\\\">pic.twitter.com\/QODNei7DZ8<\/a><\/p>\n<p>\u2014 Tether (@Tether_to) <a href=\\\"https:\/\/twitter.com\/Tether_to\/status\/1303714475317526528?ref_src=twsrc%5Etfw\\\">September 9, 2020<\/a><\/p>\n<\/blockquote>\n<p><script async=\\\"async\\\" src=\\\"https:\/\/platform.twitter.com\/widgets.js\\\" charset=\\\"utf-8\\\"><\/script><\/p>\n<blockquote>\n<p>\u201cWe are pleased to announce that Tether (USDT) will be the first stablecoin launched on Solana, a high-speed first-layer blockchain. According to Solana, USDT holders will be able to exchange tokens at speeds exceeding 50,000 transactions per second. The transaction fee, as a rule, does not exceed $0.00001,\u201d the Tether website says.<\/p>\n<\/blockquote>\n<p>In an interview with <a href=\\\"https:\/\/www.theblockcrypto.com\/post\/77274\/tether-launches-on-solana-blockchain\\\" target=\\\"_blank\\\" rel=\\\"noopener noreferrer\\\">The Block<\/a>, Solana Foundation head Anatoly Yakovenko called USDT lifeblood for DeFi and an important component for the entire crypto industry.<\/p>\n<p>Following the news, Solana (SOL) rose by more than 30%, according to <a href=\\\"https:\/\/www.coingecko.com\/en\/coins\/solana\\\" target=\\\"_blank\\\" rel=\\\"noopener noreferrer\\\">CoinGecko<\/a>.<\/p>\n<p><img loading=\\\"lazy\\\" decoding=\\\"async\\\" class=\\\"size-full wp-image-109698 aligncenter\\\" src=\\\"https:\/\/forklog.com\/wp-content\/uploads\/SOL.png\\\" alt=\\\"Tether launches USDT on Solana blockchain\\\" width=\\\"809\\\" height=\\\"770\\\" srcset=\\\"https:\/\/forklog.com\/wp-content\/uploads\/SOL.png 809w, https:\/\/forklog.com\/wp-content\/uploads\/SOL-300x286.png 300w, https:\/\/forklog.com\/wp-content\/uploads\/SOL-768x731.png 768w\\\" sizes=\\\"auto, (max-width: 809px) 100vw, 809px\\\" \/><\/p>\n<p>Tether&#8217;s chief technology officer Paolo Ardoino said the company plans to release USDT on several more blockchains. He did not specify which ones.<\/p>\n<p>In addition to Solana, USDT has been issued on Algorand, Ethereum, EOS, Omni, Tron, in Blockstream&#8217;s Liquid sidechain and on the Standard Ledger Protocol by the Bitcoin Cash developers. The total circulating supply of the stablecoin stands at <a href=\\\"https:\/\/wallet.tether.to\/transparency\\\" target=\\\"_blank\\\" rel=\\\"noopener noreferrer\\\">$14.5 billion<\/a>.<\/p>\n<p>Earlier, the crypto derivatives exchange FTX announced the launch of a DEX on the Solana blockchain.<\/p>\n<p>Subscribe to ForkLog&#8217;s channel on <a href=\\\"https:\/\/www.youtube.com\/channel\/UCC9FnXTC8_ENzaNSO5cHQ6g\\\" target=\\\"_blank\\\" rel=\\\"nofollow noopener noreferrer\\\"> YouTube<\/a>!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Tether has announced the launch of the USDT stablecoin on the Solana blockchain.<\/p>\n","protected":false},"author":1,"featured_media":28437,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1159,807,1245],"class_list":["post-28436","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-solana-sol","tag-stablecoins","tag-tether-usdt"],"aioseo_notices":[],"amp_enabled":true,"views":"68","promo_type":"1","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/28436","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=28436"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/28436\/revisions"}],"predecessor-version":[{"id":28438,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/28436\/revisions\/28438"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/28437"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=28436"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=28436"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=28436"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}