Recognized as the largest company in the cryptocurrency sector, Tether announced it will launch its USD-backed token USDT on the Aptos Blockchain. This move highlights Tether’s strategy to make cryptocurrency more accessible and functional. Aptos’ innovative Blockchain technology and exceptional speed and scalability make this integration particularly attractive.
Aptos Ecosystem to Strengthen with USDT
Aptos stands out with its superior performance in Blockchain infrastructure and its growing ecosystem. From January to July 2024, the number of daily active users increased from 96,000 to 170,000, showing significant growth. Additionally, in May 2024, 157 million transactions were conducted in a single day, marking a record level in transaction volume on the platform.
The integration of USDT on the Aptos Blockchain not only enhances the platform’s appeal but also combines Tether’s stable and reliable structure with these dynamic features. Aptos’ strong developer community symbolizes active and ongoing development with continuously increasing contract deployments.
In this context, the presence of USDT on the Aptos Blockchain stands out with low transaction fees. It becomes possible to transact at a cost of less than a penny. This feature offers an economically viable option for a wide range of uses, from micro-payments to large-scale corporate transactions.
Digital Finance Will Be Reshaped
Tether CEO Paolo Ardoino expressed their excitement about the integration and collaboration with the Aptos ecosystem. Aptos’ innovative technology will allow for faster and more cost-effective transactions with USDT. This collaboration once again underscores Tether’s commitment to leading with innovation and providing stable, reliable financial tools to its users.
Aptos Labs CEO Mo Shaikh described the integration of Tether’s USDT as a significant milestone for Aptos. He noted that this collaboration would enhance Aptos’ capacity to handle large volumes and rapidly grow its user base. As a member of the Aptos community, he expressed eagerness for developers within Aptos’ extensive ecosystem to join forces with Tether to explore what Blockchain technology can do for users.
Bashar Lazaar, Head of Grants and Ecosystem at Aptos Foundation, stated that they are building a global and institutional-level DeFi and payment ecosystem on Aptos with Move technology, prioritizing speed, decentralization, and interaction. The availability of USDT on Aptos will accelerate the accessibility and functionality of real-world value for institutions, Web3 developers, and ordinary people worldwide.
