What is ETH and USDT?

Tether (USDT) is an Ethereum token that is pegged to the value of a U.S. dollar (also known as a stablecoin). Tether’s issuer claims that USDT is backed by bank reserves and loans which match or exceed the value of USDT in circulation.

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What is Sol on Binance?

About Solana (SOL) Solana is a blockchain founded in 2017 by Anatoly Yakovenko with a unique Proof of Stake consensus mechanism . The Solana network concentrates on high transaction throughput and fast processing times. It achieves this via its Proof of History technology.

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Can you send Sol on Binance?

To send Solana (SOL) from Phantom to Binance, you need to copy your Binance crypto address and paste it into the Phantom wallet . Then, you need to enter the amount of SOL that you want to send. After you’ve sent the SOL, usually it takes a few seconds to minutes to receive in your Binance account.

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