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

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