S

Technical

Solana

Raj Gokal, COO

Partnering with Terra for a High-Speed Stablecoin Bridge It is a busy time for Solana! Last week we listed our token on Binance and this week we're announcing a very special partnership with our friends at Terra. Terra is a thriving payments network that is supported by a basket of stablecoins pegged to the world's largest currencies. Today, these stablecoins largely flow through Terra's flagship app, CHAI, which recently crossed 1M MAU and over $3M USD in daily transaction volume. Terra is backed by an impressive team and some of the world's best investors. Together, through this partnership, we're building a new high-speed token bridge that facilitates the transfer of Terra stablecoins into Solana's dapp ecosystem. Terra's tokens will be the first stablecoins on the Solana network. Stablecoins on the Solana network allow for novel applications that require price-stable payments. Similarly, we hope to support Terra's expansion by creating a seamless gateway to our developer community. medium.com/solana-labs/solana-partners-with-terra-to-build-a-low-latency-token-bridge-bringing-stablecoins-to-the-solana-180d76b22a22