Tether Operations Limited (Tether) announced on 19 August, 2024 that Tether launched its stablecoin, USDT, on the Aptos Network.
This will make USDT the first stablecoin available on a Move-powered blockchain. The integration aims to expand USDT’s reach and access to digital finance in emerging markets, contributing to global financial inclusion.
Aptos is a blockchain known for scalability, speed, and cheap transaction fees.
As of August 2024, Aptos boasts a strong performance in several key blockchain metrics.
Aptos currently handles approximately 2,909 transactions per second, with a peak recorded TPS of 9,898.
The network is designed to scale up to a theoretical maximum of 160,000 TPS, which is among the highest in the blockchain space.
Aptos achieves a very fast time to finality of just 0.9 seconds. This is the time it takes for a transaction to be irreversibly committed to the blockchain, ensuring rapid confirmation times.
The average transaction fee on Aptos is extremely low, around $0.0002 per transaction. This low fee structure makes it highly attractive for users looking to execute many transactions without significant cost overheads.
USDT on Aptos promises unmatched transaction efficiency with low gas fees and rapid processing, suitable for both micro-transactions and large-scale operations.
The launch is part of Tether’s strategy to make digital currency more accessible and useful globally, leveraging Aptos’ advanced blockchain technology known for exceptional speed and scalability
This move is important for the Aptos ecosystem as well, as it will process massive volumes and rapidly grow its user base, benefiting from the stability and reliability of Tether’s USDT.
