Tether, the issuer of USDT, the largest dollar-pegged stablecoin in the cryptocurrency market, has announced the launch of its flagship product on Aptos, a fast and scalable blockchain. Tether seeks to provide rails with “ultra-low gas fees” for USDT users, opening the door to new use cases such as microtransactions and large-scale operations.

Tether's USDT to Launch on Aptos, Seeking to Benefit from Speed ​​and Low Fee Ecosystem

Tether, one of the largest digital asset companies, has announced the next step in expanding the usability of USDT, the company's dollar-pegged stablecoin product. The company announced that it will launch USDT on Aptos, a blockchain project that offers speed and scalability advantages over other chains.

Making Aptos part of the Tether ecosystem is intended to make the company's digital currency products more accessible to users outside the cryptocurrency ecosystem who may be attracted to these relatively new technologies.

This speed and scalability also allows for “ultra-low” gas fees, opening the door to applications that are not economically feasible on other chains, such as microtransactions and large-scale mass payments. This scalability has been demonstrated before, with Aptos processing over 95 million transactions on May 24 thanks to the popularity of Tapos, a tap-to-earn game.

Tether CEO Paolo Ardoino praised the advantages of Aptos and emphasized the benefits of this expansion strategy. He stated:

Aptos’ cutting-edge technology provides a solid foundation to facilitate faster and more cost-effective transactions with USDT. This partnership underscores our continued efforts to lead with innovation and support our users with stable, reliable financial tools.

Aptos’ decentralized finance ecosystem is also positioned to benefit from the inclusion of Tether, allowing users to deploy stablecoin capital easily and trustlessly. Aptos defi’s current total value locked (TVL) is $376 million, having reached over $500 million as of March 31.

Bashar Lazaar, Head of Grants & Ecosystem at the Aptos Foundation, highlighted the relevance of this integration to the utility of the chain, concluding: “The launch of USDT on Aptos will accelerate the availability and utility of real-world value for institutions, Web3 builders, and ordinary people around the world.”

What do you think about the launch of USDT on Aptos? Let us know in the comments below.
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