Tether To Launch USDT On Aptos Network, Expanding Its Reach In The Digital Currency Ecosystem
The post Tether To Launch USDT On Aptos Network, Expanding Its Reach In The Digital Currency Ecosystem appeared on BitcoinEthereumNews.com.
Tether announced today its plans to launch USDT on the Aptos network, marking another step in its strategy to leverage advanced blockchain technology to make digital currencies more accessible and usable globally. This integration aims to take advantage of Aptos’ speed, scalability, and robust blockchain infrastructure to enhance the efficiency and reach of USDT. USDT’s Expanding Presence Across Blockchains In recent months, the supply of USDT has been rapidly increasing across various blockchain networks. According to multiple reports, Tether’s USDT is growing fastest on platforms like Celo and Avalanche (@avax), reflecting the token’s expanding influence in the crypto ecosystem. Tether’s $USDT supply is growing the fastest on @Celo 🌳 and @avax 🔺. pic.twitter.com/eEDX2sKRcj — Token Terminal (@tokenterminal) August 18, 2024 Significant Growth on Key Blockchains One of the most notable expansions has been on the TON Blockchain (@ton_blockchain), where USDT’s supply has now reached approximately $730 million. This growth highlights the increasing adoption of USDT across different blockchain networks. ICYMI: the supply of @Tether_to‘s $USDT on @ton_blockchain is currently at ~$730 million. pic.twitter.com/HnUPoN4eML — Token Terminal (@tokenterminal) August 18, 2024 Meanwhile, TRON remains a dominant force in the USDT ecosystem. In Q2 2024, the total USDT on TRON surged to an impressive $1.25 trillion, a massive increase from the $25.2 billion recorded in Q2 2020. This growth underscores the crucial role TRON plays in the stablecoin’s circulation and the broader digital currency market. TRON’s Global Takeover✅ 🔹TRON’s Growth in Developing Markets: – $USDT on TRON: Reached $1.25T in Q2 2024, up from $25.2B in Q2 2020.– Visa Comparison: That’s a third of Visa’s annual volume, showing #TRON‘s massive adoption. 🔹Stablecoin Business Model: – Profitability:… pic.twitter.com/8svPsateUV — Christiaan (@ChristiaanDefi) August 19, 2024 Tether’s Strategic Move The decision to launch USDT on Aptos is part of Tether’s broader vision to expand its…
Filed under: News - @ August 20, 2024 9:25 am