The Kin Foundation is seeking to move the kin cryptocurrency onto the Solana blockchain, according to a proposal shared with CoinDesk.
Solana is adding the Terra stablecoin in an effort to bring "novel applications that require price-stable payments" to its high-throughput blockchain.
Devs, node operators and the Kin Foundation board have approved its move from a fork of the Stellar blockchain to Solana's network.
Solana is looking to raise up to $12M at a $125M valuation, touting potential relationships with Dish and Kin in a pitch deck seen by CoinDesk.
Claiming it can handle many more transactions per second than existing blockchains, Solana has raised capital to ramp up development.