Tether Launches USDT on Aptos, APT Price Reacts Positively
The move comes as part of the company’s broader strategy to leverage the advanced blockchain technology of the Aptos network, including its ultra-fast speed and scalability, with the aim of enhancing the ease of use of the digital currency on a global scale.
USDT Expansion on Aptos:
In an official announcement on August 19, Tether Operations Ltd revealed its intention to expand support for USDT to the Aptos network.
In addition, this integration will result in a significant reduction in gas fees, which will make the cost of transactions significantly lower.
Paolo Ardoino, CEO of Tether, commented on the integration by saying:
APTOS technology provides an innovative platform that enables faster and more efficient transactions using USDT.
This collaboration reflects our ongoing commitment to driving innovation and providing stable and reliable financial tools to our users.
For his part, Mo Sheikh, CEO of Aptos Labs, pointed out that this cooperation will enhance the Aptos network’s ability to process large amounts of transactions quickly, which will contribute to the growth of its user base.
According to transparency data issued by Tether, $730 million worth of stablecoins have been minted on the Ton network so far.
The price of the APT coin rose by 3% to reach its highest level at $6.
