Solana loses $1 billion USDT in the Tether Chain Swap to Ethereum
Tether, the issuer of USDT that is currently stored on the Solana blockchain, has just announced a $1 billion chain swap to move those funds to the Ethereum blockchain.
Since the collapse of crypto exchange FTX, Solana, which was recently ranked among the top five largest cryptocurrencies by market cap, has been experiencing difficulties, prompting the announcement. With a 25.4% decline over the past week, Solana has fallen from its previous ...