BitMart Supports Solana-Based USDT and USDC

We are excited to announce BitMart, a premier global digital asset trading platform, will support Solana based USDT and USDC deposit and withdrawal features starting on June 16, 2021. The deposit feature will start at 10 AM and the withdrawal feature will start at 11 AM EDT.

Solana, an ultra high-speed Layer 1 blockchain, is now one of the fastest-growing blockchains by both market capitalization and volume. The Solana protocol facilitates decentralized app (DApp) creation and aims to improve scalability by introducing a proof-of-history (PoH) consensus combined with the underlying proof-of-stake (PoS) consensus of the blockchain. The protocol is designed to have low transaction costs for global users while scalability and processing speed are guaranteed.

With the integration with Solana, USDt holders can exchange USDt at speeds greater than 50,000 transactions per second with low transaction costs. This will facilitate the development of high-speed and low-cost applications, especially in the decentralized finance (DeFi) space.

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