The news comes as Solana struggles as a result of the failure of the crypto exchange FTX. Although the chain swap will result in less USDT being in circulation overall on Solana, the stablecoin’s overall supply will remain unchanged, according to the company.
Binance stopped accepting USDC and USDT deposits from Solana earlier this week, but they have started again. Following the delisting of USDC and USDT on Solana, OKX, which also ceased taking deposits and withdrawals, this notice was made.
Tether then also spoke out about the issue of its USDT being stopped from trading with crypto exchanges.
FTX, once one of the largest exchanges, has strong ties to Solana. The business has made significant investments in several crypto projects associated with Solana and played a key role in creating Serum, Solana’s main decentralized exchange and DeFi liquidity provider.
The Solana Foundation claims in a blog post on Friday that the network had handled more complex transactions than normal but had held up well under pressure.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
Join us to keep track of news: https://linktr.ee/coincu
Website: coincu.com
Harold
Coincu New
Learn how to get Goerli ETH Testnet Tokens for testing decentralized applications and smart contracts,…
LABEL Foundation, a prominent IT company led by software development company Clesson, announces its bold…
These innovative automated systems use various strategies to capitalize on transactions on the blockchain. In…
BounceBit is a Bitcoin restaking protocol that blends CeFi and DeFi features to enhance the…
Bitcoin (BTC) investors are offloading their holdings, Dogecoin receives $700 million in inflows, and ETFSwap…
Users can check eligibility and claim Taiko TKO tokens within specified periods, supported by the…
This website uses cookies.