Bullish exchange collaborates with the Solana Foundation to deploy Solana's native stablecoin to optimize custodial, payment, trading, and clearing services with low cost and high speed.
This partnership aims to build an efficient On-chain financial infrastructure, combining Bullish's deep liquidity with the high-speed network advantages of Solana, paving the way for product innovation and payment support in the future.
MAIN CONTENT
Bullish officially partners with the Solana Foundation to integrate the native stablecoin.
The goal is to build a fast, cost-effective On-chain financial ecosystem.
Applying Solana technology to support payments and develop new products.
What is the collaboration between Bullish and the Solana Foundation for?
According to information announced on July 10, Bullish and the Solana Foundation cooperate to integrate Solana's native stablecoin into custodial, payment, trading, and clearing services on the Bullish platform. This partnership will leverage the significant advantages of processing speed and low costs of the Solana network while tapping into Bullish's abundant liquidity.
Mr. Dean Steinbeck, CEO of Bullish, shared in 2023 that:
“The application of Solana's high-speed blockchain technology will help us create a seamless and cost-effective transaction experience for users.”
Dean Steinbeck, CEO of Bullish, 7/2023
Why choose Solana's native stablecoin for the Bullish platform?
Solana's native stablecoin has superior features in terms of stability, scalability, and fast transaction confirmation times. This not only minimizes gas fees but also ensures liquidity safety and facilitates complex On-chain transactions.
According to a report from the Solana Foundation, this network is capable of processing up to 65,000 transactions per second with an average cost of under $0.00025 per transaction, significantly reducing costs for the DeFi platform compared to traditional blockchains.
Technology and liquidity advantages of Bullish
Bullish is highly rated thanks to its deep liquidity system supported by major partners and diverse asset sources, suitable for developing professional services like margin trading, fast payments, and digital asset custody.
Combined with the Solana blockchain, Bullish can provide an optimal user experience when trading cryptocurrencies under the safest and most transparent standards available today.
What is the product development direction for the future?
Bullish is expected to quickly apply Solana technology in new products, focusing on electronic payments and expanding user-friendly DeFi services. This is a strategic move to lead in the competitive global cryptocurrency market.
“The synergy between Bullish's deep liquidity and Solana's superior speed technology will provide the most advanced On-chain financial platform,”
Justin Rice, Executive Director of the Solana Foundation, 7/2023
Comparison table of Bullish's technology and services with some exchanges supporting Solana
Criteria Bullish Exchange A Exchange B Liquidity Very deep, integrated global liquidity Average, mainly internal Diverse but fragmented Network technology Solana native stablecoin, high speed Ethereum-based, high gas fees Layer 2, with latency Main services Custody, Payment, Trading, Clearing Trading, Staking Trading, NFT
Frequently Asked Questions
When did Bullish and the Solana Foundation start collaborating?
The information was officially announced on July 10, 2023, marking a strategic partnership between the two parties.
What advantages does Solana's native stablecoin have in trading?
Especially cost-effective gas, fast processing with up to 65,000 transactions/second, suitable for large-scale On-chain finance.
How does this partnership affect Bullish users?
Users benefit from faster transaction experiences, lower costs, and higher security when using the platform.
What plans does Bullish have for future products?
Supporting On-chain payments, developing DeFi services with advanced Solana technology.
Where does Bullish's liquidity come from?
Guaranteed by a variety of strategic partners and a global liquidity system, meeting high trading demands.
Source: https://tintucbitcoin.com/solana-thuc-day-hop-tac-stablecoin-on-chain/
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