We elevate our support for the Solana ecosystem by adding USDTsol and USDCsol to the Freewallet app roster. On top of Solana’s native token (SOL), you can now store, send, and swap stablecoins built on Solana.
Stablecoins facilitate easy onboarding to the cryptocurrency sector, as their value is pegged to the USD price at the 1:1 ratio. You can hold and send money without worrying that crypto volatility will affect the value of your crypto while enjoying the best qualities of cryptocurrency: global outreach without borders, freedom from intermediaries, and fast transaction execution.
Why Freewallet?
Freewallet guarantees the security of storage and fast finality of operations and opens a broad spectrum of features for Solana-based stablecoins holders. It includes:
Exchange crypto. You may choose the best rates as Freewallet is connected with several crypto exchanges.
Crypto on-ramp. A feature to buy crypto with a card makes crypto onboarding easier.
Low fees. Operation costs on Freewallet don’t depend on blockchain congestion, so generally, you pay lower fees.
High security. Thanks to the support of such features as multi-signature for every transaction, 2-factor authentication, and robust encryption, Freewallet makes your crypto journey secure.
Why Solana?
Solana proved itself to be the toughest rival of Ethereum and one of the fastest-growing Layer 2 blockchain ecosystems. Solana is notable for its user-friendly approach that resulted in a 2024 memecoin frenzy after the unleashing of Pump.Fun, a service allowing everyone to launch their own memecoins with ease.
However, Solana wouldn’t have been called user-friendly if it hadn’t provided other important features that make this ecosystem comfortable to use: Solana features fast transactions, low fees, and high capacity, which are important for mass adoption. Solana regularly operates over 3,000 transactions per second with a theoretical maximum throughput of 65,000 transactions.
On top of stablecoins and memecoins, Solana is used to build and host DeFi applications and governance tokens. Its ecosystem provides various opportunities for yield farming, staking, and other avenues for growth of value.
How Do I Get USDCsol or USDTsol via Freewallet?
To get a Solana-based stablecoin, you may buy one of 47 supported cryptocurrencies by card and exchange this crypto for USDCsol or USDTsol using the Exchange button.
For instance, you may buy $100 worth of SOL by card using the Buy button and exchange it for 100 USDC using the Exchange button. First, you will need to create an address for SOL. To do so, you should proceed to the Receive section and insert the token ticker “SOL.” The app will generate a SOL address for you. The next step is buying crypto.
Buying crypto by card may require an identity verification check from our partner payment provider (it may differ depending on your location). As soon as you fill in the required data and complete the purchase, stablecoins will hit your wallet address. Then, you should proceed to the Exchange section, fill in the amount of SOL you are going to exchange for USDCsol and complete the exchange.