Tether Operations Limited, a major player in the digital assets industry, announced the forthcoming launch of its U.S. dollar-pegged Tether tokens (USDT) on the Aptos Network. This action will help increase the usage of digital currencies globally due to Aptos’s blockchain technology speed and scalability.
The Aptos network is known for its speed and efficiency as a layer-one blockchain solution. It recently witnessed an increase in daily active users from 96,000 in January to as much as 170,000 users in July 2024. Also, In May 2024, the network comfortably handled 157 million transactions in a single day, showcasing its capacity.
Enhanced Stability and Reduced Transaction Costs
By integrating USDT on the Aptos blockchain, Tether leverages advanced capabilities, enhancing the platform with its proven stability and reliability. The partnership notably reduces transaction fees to just a fraction of a penny, making it highly cost-effective. Such cost efficiency facilitates a broad spectrum of transactions, from small-scale to significant enterprise activities, all at a lower cost.
The post "Tether Expands Digital Currency Access via Aptos Blockchain Integration" first appeared on 36crypto.com News
