Cointime

Cointime

Download App
iOS & Android
Home / JUST IN

Tether Ensures No Risk From USDT on Solana, SOL Tanks Further

The world’s largest stablecoin issuer, Tether, has ensured that there are no risks from USDT on the Solana network.

On Nov. 18, Tether issued a statement that Alameda issued USDT was safe from any contagion fallout from the failed FTX exchange.

According to the Tether transparency report, Solana is the third-largest network for the stablecoin after Tron and Ethereum. There are 1.89 billion USDT on Solana, representing just under 3% of the total supply.

(By Martin Young)

Tether USDT Solana
Comments

All Comments

Recommended for you

  • cointelegraph ·

    Why is Solana's Dogwifhat (WIF) memecoin crashing?

    WIF price risks declining by another 48% due to the formation of a classic bearish reversal setup.
    Why is Solana's Dogwifhat (WIF) memecoin crashing?

  • Cointime August 11st News Express

    1.Fed Governor Bowman: Be cautious about rate cuts

  • Solana Edge Data Intelligent Network 375ai Completes $5 Million Seed Round of Financing, Led by 6MV

    Solana's edge data intelligent network 375ai announced the completion of a $5 million seed round of financing on X platform, with 6MV as the lead investor and participation from Arca, Escap Velocity, Primal Capital, and Auros. Specific valuation information has not been disclosed. 375ai provides decentralized edge data intelligent network nodes and mobile applications based on blockchain for real-time data collection. Users can participate in the network by deploying nodes, using applications, or staking tokens, while also receiving rewards.

  • Solana Ecosystem Telegram Trading Robot Trojan on Solana Cumulative Trading Volume Exceeds $6 Billion

    According to Dune data, the historical cumulative transaction volume of the Telegram trading robot Trojan on Solana ecology has exceeded 6 billion US dollars.

  • Cointime August 4 News Express

    1.Jump Trading is redeeming 120,000 wstETH in batches into ETH and then transferring it to CEX

  • Jump Trading is redeeming 120,000 wstETH in batches into ETH and then transferring it to CEX

    According to the monitoring of on-chain analyst Yu Jin, Jump Trading may be selling ETH: they are currently redeeming a wstETH (120,000 pieces) worth $410 million in batches into ETH and then transferring it to exchanges such as Binance/OKX. So far, they have unpacked and redeemed 83,000 wstETH into 97,500 ETH in the 9 days since July 25. Among them, 66,000 ETH (191.4 million US dollars) have entered the exchange.At present, there are still 37,600 wstETH in their wstETH storage address that have not been transferred out; 11,500 stETH in the redemption ETH address is being redeemed into ETH; and 20,000 ETH in the ETH transfer address to the exchange are waiting to enter the exchange in batches.

  • Trump team files complaint over Harris inheriting $96 million in Biden campaign funds

    According to reports from foreign media, the Trump campaign team has filed a complaint with the Federal Election Commission, claiming that Biden's transfer of $96 million in campaign funds to Harris is illegal. David Warrington, a lawyer for the Trump campaign team, said that this was a "shameless money-grabbing act" and would constitute the largest excessive donation and most serious violation in the history of the Federal Election Law. Shortly after Biden withdrew from the election and appointed Harris as his preferred successor, she took over Biden's campaign committee's bank account. Steve Roberts, a lawyer who represented Republican candidates, said that the argument against the transfer was a "wishful thinking" of his Republican colleagues. The Harris campaign team said that this complaint would not affect its fundraising or spending.

  • Donald Trump Plans to Release Fourth NFT Collection, Embraces Crypto Industry

    Former US President Donald Trump is reportedly planning to release a fourth NFT collection, as he continues to embrace the crypto industry. In a recent interview with Bloomberg Businessweek, Trump stated that his previous NFT collections were "very successful" and sold out in a day. He also revealed that he plans to release another collection, as his supporters are demanding it. Trump's campaign has also started accepting crypto donations, and he has been vocal about the importance of the US not falling behind China in the crypto industry.
  • cointelegraph ·

    SOL struggles to reclaim $145, but Solana network fundamentals remain solid

    Solana’s onchain and derivatives metrics show no signs of stress, possibly paving the way for a rally to $160.
    SOL struggles to reclaim $145, but Solana network fundamentals remain solid
  • cointelegraph ·

    Crypto remittances in Venezuela surge as economic situation worsens

    Sanctions from the United States, spiraling inflation and government corruption have created an economic nightmare for Venezuelans.
    Crypto remittances in Venezuela surge as economic situation worsens

Daily Must-Read

Popular Activities

Delysium $AGI & AI Private Yacht Party

Delysium $AGI & AI Private Yacht Party

March 27 - March 27
Seoul

Popular Tags

Cointime
News
Contents
RSS
Company