Tether has launched its USD-pegged token USDT on the Aptos blockchain to reduce transaction costs. According to a press release, the move is part of Tether’s plans to improve the accessibility and use of the digital currency around the world. By integrating Tether USDT on Aptos, Tether aims to leverage the scalability and speed of the Aptos blockchain to provide users with extremely low gas fees of just a fraction of a cent.
With the new integration, transaction fees will become cost-effective for broader use cases, including microtransactions and large-scale enterprise transactions. The press release said Aptos has seen significant growth throughout the year, with average daily active users (DAU) increasing from 96,000 in January to 170,000 in July.
Paolo ARDOINO, CEO of Tether, explained that Aptos’ technology will facilitate faster, more cost-effective transactions with USDT. On July 17, Nansen, a blockchain analytics provider, partnered with Aptos. The partnership aimed to help the Aptos ecosystem grow by providing users and investors with the analytical tools needed to identify current trends.
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