Tether recently announced the launch of their tokens on Solana.  Thus, USDT holders will now be able to take advantage of Solana fast speeds greater than 50,000 transactions per second, often for as little as $0.00001 per transaction.

For clarity, Solana, is an ultra high-speed Layer 1 blockchain.  Following this integration the speed is going to be faster than before.  This is encouraging as more of apps with high speed and low cost can be launched in the decentralized space.

It is important to reinstate that in addition to Solana, USDt also supports Algorand, Ethereum, EOS, Liquid Network, Omni, Tron and Bitcoin Cash’s Standard Ledger Protocol.

Solana is a fast growing blockchain in terms of market capitalization and also usage.

Paolo Ardoino recently expressed that:  One of the best feelings is seeing people that work with you achieving life goals they worked so hard for. Bitcoin is the land of opportunities.

In response to Bitfinex, which pointed to $60,000 as being the highest all-time high for BTC, and a further thought on whether BTC will hit $100K in 2021? Paolo Ardoino was wondering that $100K is a bearish number by stating Why so bearish?

Paolo very firmly believes that it is very hard to compete with Bitcoin.  In the past he has stated that “Bitcoin is the foundational base layer for this ecosystem to eventually supersede the entire payments and credit card industry.”

However, some of the BTC users are happy and also feel confronted at the same time.  It is noteworthy that several technical indicators are on a higher time frame and bullish.

The coming of $fUSDT has been an exciting news because it is the first and only official cross-chain $USDT wrapper. This is born from the collaboration between @AndreCronjeTech @paoloardoino and @PopsicleFinance.  Now users will be able to use $USDT everywhere.

Paolo expressed his excitement by stating:  Frapped! Slurp! Reliable and affordable cross-chain swaps are a holy grail. Great to see this happening.

Users will now be able to harness the power of USFT liquidity cross-chain on EVM compatible blockchains.

The fUSFT contracts are between BSC – Binance Smart chain, Fantom – fUSDT token contract on Fantom blockchain , Multichain – contract audit.

While all these are happening, some of the news outlets opine that China might target Tether after Digital Yuan Launch – B2C2 Japan CEO.

Reportedly, Philip Gillespie, the CEO of the crypto liquidity provider B2C2 Japan has expressed that that the Chinese authorities might seek to ban the USD-pegged stablecoin – presumably in an effort to drive up the usership rates of the forthcoming central bank digital currency. We need to wait to see how stuff unfolds.