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MLB Team Washington Nationals Partners With Terra Blockchain Community, Ballpark Plans to Accept UST

On February 9, the American professional baseball team based in Washington, D.C., the Washington Nationals, announced the team has partnered with Terra, the open-source blockchain platform and decentralized autonomous organization (DAO). The Washington Nationals detail that the team is a “leading innovator” and is “consistently introducing new technologies to enhance the fan experience.” Washington Nationals Ink Long-Term Deal With Terra Major League Baseball (MLB) team the Washington Nationals has partnered with the blockchain platform and DAO Terra, according to an announcement published by the team on Wednesday. The deal with Terra follows a slew of sports-related deals with crypto firms, but the MLB team will be the first to partner with an open-source blockchain project. In addition to the partnership, the algorithmic stablecoin UST that’s issued on the Terra blockchain will be “accepted as a payment method at Nationals Park as early as next season.” “The Nationals continue t...
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Tether tokens go live on Ethereum competitor Solana blockchain

Tether's integration with the Solana blockchain is intended to help support a range of projects in DeFi, blockchain gaming and Web 3.0.

Stablecoin issuer Tether has announced that USDT tokens are launching today, March 9, on the Solana (SOL) blockchain. Speaking to Cointelegraph, Tether's chief technical officer said that the integration with the layer 1 blockchain promises to support a wide array of projects in the Decentralized Finance, or DeFi, sector and other Web 3.0. activities.

As previously reported, Solana is being pitched as a competitor to Ethereum, with the hope of drawing DeFi actors into its network as they wait for the full benefits of Eth2 to finally kick in.

According to Tether, Solana will enable users to transact USDT at speeds higher than 50,000 transactions per second. It also claims that transaction fees could be as low as $0.00001 each and that this lower-cost, higher-speed alternative to Ethereum will provide a boost to new applications and projects in the DeFi space. Tether has already integrated with multiple blockchains alongside Ethereum, among the Algorand, EOS, Liquid Network, Omni and Tron.

Among the projects that have recently been built upon Solana is Serum, a decentralized derivatives exchange. In a recent interview with Camila Russo, host of the Defiant Podcast, FTX exchange co-founder and CEO Sam Bankman-Fried said that Serum had chosen Solana over Ethereum due to its superior speed and infrastructure. "We need [a blockchain], like, a million times faster than Ethereum,” he said.

Even as competitor blockchains continue to proliferate to meet the needs of the growing DeFi sector, many industry actors believe that ultimately Ethereum 2.0. has key advantages for decentralized applications, including DappRadar's Jon Jordan.

Tether has meanwhile integrated with layer-two networks such as Hermez, which have become increasingly popular during periods when gas fees have soared on the Ethereum network.

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