TL;DR

Tether has announced the launch of USDT on the Aptos blockchain network, expanding access and utility for the stablecoin.
Aptos has reached a record of 157 million transactions in a single day and over 170,000 active users.
The collaboration aims to offer faster and more economical transactions with low gas fees, benefiting both individual users and businesses.

Tether has announced the launch of its stablecoin, USDT, on the Aptos blockchain network as part of its strategy to expand the access and utility of cryptocurrencies. The integration seeks to leverage the advanced capabilities of Aptos technology, known for its exponential speed and scalability, which will allow Tether to offer faster and more economical transactions to its users.

Aptos has seen explosive growth in its ecosystem in recent months. Between January and July 2024, the number of daily active users on the platform increased from 96,000 to 170,000, and in May of this year, a record 157 million transactions were processed in a single day. These impressive numbers are the result of the network’s growing adoption and potential, which will now be further strengthened by the incorporation of USDT.

With a market capitalization of approximately $117 billion, USDT is the most widely used stablecoin in the world, and its availability on Aptos will expand user options, facilitating faster transactions with significantly lower gas fees, which could open the door to new applications and use cases for both individual users and businesses.

Tether Continues Expanding USDT to New Networks

The collaboration between Tether (USDT) and Aptos (APT) is also part of a comprehensive plan aimed at fostering innovation and developing the blockchain ecosystem. Both companies hope to provide excellent service and will work hard to ensure that the partnership results in enhanced capabilities.

Aptos sees this integration as an opportunity to consolidate its position as a high-performance blockchain platform capable of supporting large volumes of transactions and attracting an ever-growing user base. Platform leaders have noted that the collaboration with Tether will allow developers within its ecosystem to leverage blockchain technology to create innovative solutions that benefit users worldwide.

This integration is part of a series of recent expansions of USDT to other blockchain networks, such as Celo and The Open Network (TON). Tether is diligently working to diversify its presence and improve the accessibility of its stablecoin on different technological platforms.

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Filed under: News - @ August 19, 2024 2:28 pm