Solana Foundation President Says USDT Growth on Solana Is "Inevitable"
According to the post, Drift plans to migrate from USDC to USDT during its relaunch, despite USDC remaining the dominant stablecoin on Solana with more than 50% market share.
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Terms & Concepts
Stablecoin: A cryptocurrency designed to maintain a stable value, often by being pegged to a fiat currency such as the U.S. dollar.
USDT: Tether’s U.S. dollar-pegged stablecoin, widely used for crypto trading, payments, and liquidity across blockchain networks.
USDC: A U.S. dollar-pegged stablecoin commonly used in crypto markets for trading, settlement, and onchain transfers.