Tether's official transaction volume reports and blockchain data from Aptos

Tether Launches USDT on Aptos Blockchain with Low Transaction Fees

Aug 19, 2024, 10:42 AM

Tether has announced the launch of its USDT stablecoin on the Aptos blockchain, marking a significant expansion for the world's largest stablecoin and third largest cryptocurrency. This move is part of Tether's strategy to leverage Aptos' blockchain technology, which is known for its speed, scalability, and low transaction fees. The integration aims to make digital currencies more accessible and usable worldwide. Aptos is the first Move ecosystem to host a stablecoin, highlighting its potential for decentralized finance (DeFi) applications. Tether's USDT, with a market cap of $117 billion, is expected to benefit from Aptos' capabilities, offering ultra-low fees and rapid processing.