Tether to launch USDT on Aptos blockchain for faster transactions

Tether (CRYPTO:USDT), the issuer of the leading dollar-pegged stablecoin USDT, is expanding its reach by launching USDT on the Aptos blockchain.  

Aptos (CRYPTO:APT) is recognised for its speed, scalability, and low transaction fees, making it an ideal platform for Tether to enhance the usability of USDT.  

This strategic move is aimed at providing users with faster, more cost-effective transactions, especially in areas like microtransactions and large-scale payments that may not be economically feasible on other blockchains.  

The Aptos blockchain has already proven its capability to handle high transaction volumes, processing over 95 million transactions in a single day, largely driven by the Tapos game.  

With the integration of USDT on Aptos, Tether aims to make its stablecoin more accessible to a wider audience, including those outside the traditional cryptocurrency ecosystem.  

This move not only promises to bring more users into the fold but also positions USDT as a key player in the rapidly evolving blockchain landscape.  

Paolo Ardoino, CEO of Tether, emphasised the advantages of this partnership, highlighting Aptos' innovative technology as a crucial element in enabling quicker and more affordable transactions.  

He noted that this collaboration is in line with Tether's ongoing commitment to leading innovation and providing users with stable and reliable financial tools.  

The integration is expected to significantly enhance the user experience by offering "extremely low" gas fees, which opens up new possibilities for USDT's use in a variety of applications.  

The addition of USDT to the Aptos ecosystem is also set to have a substantial impact on Aptos' decentralised finance (DeFi) landscape.  

With a total value locked (TVL) of $376 million, Aptos’ DeFi sector stands to benefit from the increased liquidity and trust that USDT brings.  

This development is expected to accelerate the availability and utility of real-world value on the Aptos blockchain, benefiting institutions, Web3 developers, and everyday users alike.  

At present, the Tether price is $1.00, while the Aptos price is $6.05.