Breaking News: Tether (USDT) will be launching on Aptos ! Tether Operations Limited (Tether), the largest company in the digital assets industry, today announced that they will soon be launching U.S. dollar-pegged Tether tokens (“USD₮”) on the Aptos Network.
"The integration of Tether’s USD₮ marks a significant milestone for Aptos"
-Mo Shaikh, Aptos CEO"The team at Tether is excited to integrate and collaborate with the Aptos ecosystem, enhancing our commitment to making digital currencies more accessible and functional"
-Paolo Ardoino, Tether CEO"We’re building a strong, global, and institution-grade DeFi and payments ecosystem that values speed, decentralization, and interoperability while leveraging Move on Aptos to make it all work"
-Bashar Lazaar, Head of Grants & Ecosystem at Aptos FoundationTether chose to launch USDT on Aptos because of its impressive (and unmatched) tech stack and ascending DeFi ecosystem: - Growing ecosystem: Average daily active users on Aptos almost doubled this year, increasing from 96K in January to 170K in July.
- Unparalleled transaction capacity: A record-breaking 160 million transactions were processed in a single day on Aptos this spring, demonstrating the chain’s massive capacity for scalability.
- Always-on reliability: With 99.99% uptime across the ecosystem, projects on Aptos have access to fast and reliable transactions, no compromises required.
- Sub-second E2E latency: This May, Aptos became the first blockchain to deliver consistent sub-second E2E latency for all transaction types, making its latency the fastest in Web3.
- Low gas fees: Developers building on Aptos experience 100x lower gas fees than comparative L1s, at just a fraction of a penny. For USD₮, this feature expands potential asset use cases and greatly increases accessibility, especially in emerging markets.
Read more about it in the posts and articles below:
https://x.com/Aptos/status/1825521968223007002https://aptosfoundation.org/currents/usdt-on-the-move-tether-aptos-integrationhttps://tether.io/news/tether-usd%e2%82%ae-to-launch-on-aptos-blockchain/https://www.linkedin.com/feed/update/urn:li:activity:7231289148928618496