Tether has announced plans to launch its USDT tokens on the Aptos Network blockchain. The stablecoin issuer is aiming to capitalize on Aptos’ advanced blockchain technology, including its speed and scalability.
The collaboration between Tether, the industry’s largest stablecoin issuer, and Aptos, a blockchain infrastructure, plans to bring new possibilities to the crypto ecosystem.
Tether announcement comes amidst impressive Aptos growth
Aptos has shown impressive growth in 2024, with daily active users jumping from 96,000 in January to 170,000 in July. The blockchain also had a record-breaking 157 million transactions processed in a single day in May.
One of the most compelling aspects of this integration is the promise of extremely low gas fees, with transactions costing just a fraction of a penny. This feature could make USDT transactions on Aptos economically viable for a wide range of use cases, from microtransactions to large-scale operations.
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Paolo Ardoino, CEO of Tether, emphasized the company’s commitment to innovation and accessibility, stating that Aptos’ technology offers a solid platform for faster and more cost-effective USDT transactions.
“The team at Tether is excited to integrate and collaborate with the Aptos ecosystem, enhancing our commitment to making digital currencies more accessible and functional,” said Paolo.
Mo Shaikh, CEO of Aptos Labs, highlighted the importance of this integration for the Aptos ecosystem. He also expressed excitement about the potential synergies between Tether’s stability and Aptos’ technical capabilities.
The move also aligns with Aptos’ vision of building a robust, global, and institution-grade DeFi and payments ecosystem. Bashar Lazaar, Head of Grants & Ecosystem at Aptos Foundation, noted that the launch of USDT on Aptos accelerates the availability of real-world value for institutions.
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