Tether to Expand USDT Support on Aptos Network Targeting More Accessible Digital Currency

Stablecoin issuer Tether on Monday said it plans to launch the U.S. dollar-pegged USDT on the Aptos Network.

Stablecoin issuer Tether on Monday announced the upcoming launch of the U.S. dollar-pegged USDT on the Aptos Network. The integration will enable faster, lower-cost transactions with the stablecoin.

Tether is capitalizing on Aptos’ advanced blockchain technology and superior speed and scalability as part of the broader strategy to make digital currency more accessible and useful globally.

Aptos is a Layer 1 blockchain designed to handle high transaction throughput and cater to a wide range of decentralized applications. The blockchain boasts the capability to process thousands of transactions per second and features extremely low gas fees.

Aptos has been gaining traction in the crypto space with the average daily active users on the network increasing from 96K in January to 170K in July. The blockchain also recently crossed the 10 million transactions mark.

The integration of USDT on the Aptos blockchain will enable a new avenue for utilizing the stablecoin in decentralized applications and protocols.

Moreover, the integration will bring the advantage of extremely low gas fees, which will significantly reduce the cost of transactions involving USDT on Aptos.

Commenting on the integration and collaboration with the Aptos ecosystem, Paolo Ardoino, CTO of Tether, said the following:

“Aptos’ innovative technology offers a solid platform for facilitating faster and more cost-effective transactions with USD₮. This collaboration underscores our ongoing efforts to lead with innovation and support our users with stable, reliable financial tools.”

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