Tether says it's moving 1 billion USDT from Solana to Ethereum
Tether, the issuer of the USDT stablecoin, said it was conducting a chain swap to move 1 billion USDT from Solana to Ethereum. This announcement came after a rival exchange, OKX, delisted both USDC and USDT on Solana, and also stopped accepting deposits or withdrawals. The Solana Foundation declined to comment on the situation and referred to an article Tether posted yesterday. "Alameda's heavy involvement in Solana doesn't impact the underlying dynamics of how USDT functions and USDT issuance works whatsoever," Tether said in the post, referring to the sister trading firm of FTX that filed for bankruptcy protection last week. The Solana Foundation declined to comment on the situation and referred to an article Tether posted yesterday.
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