Solana Blockchain Adds Korean Stablecoin Terra for Better Payments
Solana is adding the Terra stablecoin in an effort to bring "novel applications that require price-stable payments" to its high-throughput blockchain.
Terra is joining forces with Cosmos, Web3 Foundation and Solana to roll out a DeFi product meant for a wider consumer audience. Meet Anchor.
Building on the Solana blockchain means the new platform's operations are less restricted than those on Ethereum, the firm says.
According to the announcement by Bison Trails, this will allow users on Coinbase Custody to stake their solana (SOL) tokens using secure offline storage.
Devs, node operators and the Kin Foundation board have approved its move from a fork of the Stellar blockchain to Solana's network.
The Kin Foundation is seeking to move the kin cryptocurrency onto the Solana blockchain, according to a proposal shared with CoinDesk.