Stablecoin issuer Tether on Monday said it plans to launch the U.S. dollar-pegged USDT on the Aptos Network. The company 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.
Tether To Expand USDT Support On Aptos
In an official announcement on August 19, Tether Operations Ltd disclosed plans to expand USDT support to the Aptos blockchain. The move comes after significant Aptos ecosystem growth recently and average daily active users increased from 96K in January to 170K in July.
The integration of the stablecoin on the Aptos blockchain will help tap into the advanced blockchain infrastructure and unparalleled speed and scalability. In addition, the integration will bring the advantage of extremely low gas fees, which will significantly reduce the cost of transactions.
Paolo Ardoino, CEO of Tether, on integration and collaboration with the Aptos ecosyste
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