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Tether Eyes USDT Integration with the Aptos Network

Tether Eyes USDT Integration with the Aptos Network

DailyCoinDailyCoin2024/08/19 18:00
By:DailyCoin
  • Tether has announced a plan to expand USDT’s reach.
  • The stablecoin is currently integrated with over 17 networks.
  • The latest integration seeks to introduce “extremely low” gas fees.

USDT issuer Tether has revealed a plan to integrate the dollar-pegged stablecoin with the Aptos blockchain.

This strategic move embodies Tether’s ongoing mission to make digital assets more accessible and practical globally. It further underpins USDT’s position as the most widely adopted stablecoin with support for over 17 networks, including Ethereum, Tron , Solana, Polygon, Near, and Tezos, just to name a few.

USDT Expansion to Aptos

In a statement on August 19, Tether said it would capitalize on Aptos network’s advanced blockchain technology, speed, and scalability to expand USDT’s reach and use cases globally.

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“The integration of USD₮ on the Aptos blockchain taps into these dynamic capabilities, enhancing the platform’s appeal with Tether’s established stability and reliability.” The statement reads.

USDT’s availability on Aptos is expected to bring the benefit of “extremely low” gas fees. This is a feature Tether says will make the stablecoin more appealing to users across various economic backgrounds, and economically viable for a range of user cases, including microtransactions and large-scale enterprise operations.

Aptos Labs CEO Mo Shaikh lauded the development, noting that it marked a significant milestone for the network and its developer community.

“As a member of the Aptos community, I’m looking forward to seeing builders across Aptos’ hefty ecosystem combine strengths with Tether and leverage Move on Aptos to push the boundaries of what blockchain technology can achieve for users globally,” Shaikh stated.

Per the statement, Aptos has witnessed significant ecosystem growth in 2024, attaining a record 157 million single-day transactions in May. The average number of daily active users on the network also surged from 96,000 in January to 170,000 in July.  

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Read how Tether responded to Celsius’s $2B “shake down” litigation:
Tether Vows to Defend Itself Against Celsius’s “Shake Down” Litigation

Stay updated on Tether’s recent USDT minting on Tron:
Tether Minted $1 Billion on Tron, Does It Signal a Bull Run?

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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