Bitso Integrates USDT on Solana to Enable Faster and More Affordable Stablecoin Transactions

Bitso, Latin America’s leading digital financial services company,  announced the integration of Tether (USDT) on the Solana blockchain, expanding its stablecoin  offering to deliver faster, cheaper, and more efficient transactions while unlocking seamless access to  Solana’s thriving decentralized finance (DeFi) ecosystem. 

With this new integration, Bitso users can now send and receive USDT almost instantly and at a fraction  of the cost compared to other networks. It also opens the door to a wide range of DeFi applications within  Solana, one of the fastest and most scalable blockchains in the world. 

“The adoption of stablecoins is redefining how people use crypto, not just as an investment, but as a  functional tool for payments, savings, and protection against inflation. By adding USDT on Solana, we’re  providing our users with a faster and more accessible way to move money and participate in the ever evolving digital economy,” said Alex Mehrdad, General Manager of Bitso Retail. 

According to Bitso’s Crypto Landscape Report for the first half of the year, stablecoins were the most  purchased crypto assets among Bitso clients in Latin America, accounting for 46% of all transactions in  the region. USDT led the way, representing 23% of purchases and reinforcing its dominance amid  growing demand for digital assets pegged to the U.S. dollar. 

Solana is designed for high-speed, low-cost transactions and has become a leading blockchain for  stablecoin activity. With the ability to process thousands of transactions per second while maintaining  minimal fees, Solana provides an ideal infrastructure for digital assets such as USDT, which are  increasingly used by individuals and businesses around the world to power payments, remittances, and  DeFi operations. 

Through this integration, Bitso users can now leverage USDT on Solana to send and receive funds,  interact with decentralized applications, and access key DeFi protocols such as Jupiter, Raydium, and  Orca for trading; Solend and MarginFi for lending and borrowing; or Jito and Kamino for staking and  yield optimization strategies. 

Getting started is simple: users can select USDT in their Bitso wallet, choose Solana (SOL) as the  network, and deposit or withdraw to any Solana-compatible wallet. From there, they can connect to  leading Solana-based DeFi platforms and explore new ways to use and grow their crypto. 

The integration of USDT on Solana reinforces Bitso’s commitment to innovation and financial inclusion by  providing individuals and businesses in Latin America with efficient, transparent, and borderless tools to  manage digital assets and participate in the global financial ecosystem.