The Ukrainian Web3 community is discussing the high-profile Solana KUMEKATHON event! Meetup and a recent statement from the developers of Trustee Plus. The event was held as part of Ukrainian Blockchain Week 2024, which was held by cryptomedia Incrypted. There, the project team announced the launch of settlements with USDC stablecoins on the Solana network. We will describe below what benefits the innovation will bring to users.
Thanks to cooperation with Solana, any external transfers of the USDC stablecoin occur with a minimum, and most importantly, predictable commission. And all Trustee Plus users can already experience this innovation. All you need to do is select the Solana blockchain when transferring USDC to another user.
“A few months ago, we made it possible to exchange stablecoins within Trustee Plus without any commission. Today, the most profitable USDC withdrawal in the Solana blockchain has been added to this. This means that any amount of your USDT can be exchanged for USDC without any commission, and then transferred to an external wallet for just 1 USDC. It’s a sin not to use this now,” said Vadim Grusha, CEO of Trustee Plus.
At the time of writing this news, the commission for Gas on the ERC-20 network was 6.75 USDC. This is far from the highest figure, which increases in direct proportion to the load on the Ethereum blockchain. Depending on the number of users and volume of transactions, the ERC-20 commission can reach from 50 to 80 USDC and higher. This means, for example, that to transfer 10 USDC you will need to spend from 6 to 80 USDC additional commission.
With the Solana blockchain everything is much simpler and more profitable. Regardless of the workload and volume of transactions, you will only have to pay a 1 USDC commission for any transfer to an external user.
“Representatives of various blockchains talk a lot about the need to implement the idea of “mass adoption”. However, it is worth remembering that the shortest path to the acceptance of cryptocurrencies by the majority of users is their profitability, speed and reliability. Today, together with Trustee Plus, we are taking another step towards a billion users of digital assets.” – Solana Foundation CEO Dan Albert.
It is especially pleasant to note that now this opportunity can be taken advantage of by clients of the most dynamically developing crypto project in Ukraine – Trustee Plus crypto wallet.
“We highly appreciate the efforts of the Trustee team aimed at popularizing cryptocurrencies in Ukraine. According to preliminary estimates by the Solana Foundation’s partner, the Kumeka Team, today there are at least 100,000 Solana network users in Ukraine. We hope that thanks to cooperation with Trustee Plus we will double this figure,” said Mark Letsyuk, co-founder of the community of enthusiasts for the development of the Solana ecosystem in Ukraine, Kumeka Team.
Note that we recently wrote about the Trustee Plus crypto wallet, which has become the most dynamically developing Web3 project in Ukraine. Thanks to it, every user can not only learn how to buy crypto, but also have at their disposal a flexible set of tools for its use. It’s worth adding here the possibility of withdrawing hryvnia to your bank account without commission and paying in stores with POS terminals using a Trustee Plus payment card, and it becomes clear why customers highly value the platform developers.
