To offer users significantly reduced transaction fees, Tether is expanding its USDT stablecoin to the Aptos blockchain. This integration aims to make digital currency transactions more efficient and affordable by taking advantage of Aptos’ advanced technology.
With USDT now available on Aptos, users will benefit from notably low transaction costs—just a fraction of a penny per transaction. We anticipate this to enhance the cost-effectiveness of financial activities such as microtransactions and large-scale business operations.
The Aptos blockchain, known for its scalability and speed, has seen remarkable growth this year, with daily active users rising from 96,000 in January to 170,000 by July. Additionally, the network processed a record-breaking 157 million transactions in a single day this May, demonstrating its capability to handle high transaction volumes.
Tether’s CEO, Paolo Ardoino, expressed enthusiasm about the integration, noting that Aptos’ innovative technology will support faster and more economical transactions. This initiative is part of Tether’s ongoing effort to enhance the accessibility and functionality of digital currencies.
In July, Aptos also welcomed Nansen, a blockchain analytics firm, to its ecosystem. This partnership aims to provide valuable analytical tools that will help users and investors navigate and understand the Aptos blockchain better.
Tether’s move to Aptos follows its recent decision to stop issuing USDT on other blockchains like EOS and Algorand, focusing instead on platforms with strong community and technical support. This shift aligns with Tether’s broader strategy to support innovative and high-performing blockchain networks.
We anticipate that the expansion of USDT to Aptos will energize the blockchain’s decentralized finance (DeFi) sector, potentially increasing liquidity and attracting new participants to the ecosystem.
