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

1 min read Original Link

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)

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