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Tether (USD₮) Officially Launches on the Aptos Blockchain

Twitter icon  •  Published 1 month ago on October 29, 2024  •  Hassan Maishera

On Monday, the Aptos Labs announced via X that Tether’s USDT has officially launched on the Aptos blockchain.

Tether (USD₮) Officially Launches on the Aptos Blockchain

On Monday, the Aptos Labs announced via X that Tether’s USDT has officially launched on the Aptos blockchain. This comes roughly two months after Aptos Labs announced that Tether is coming to its blockchain. 

USDT’s integration on the Aptos blockchain brings the advantage of extremely low gas fees, costing only a fraction of a penny. This feature will significantly reduce the cost of transactions, making it economically viable for a broader range of use cases, from microtransactions to large-scale enterprise operations.

Aptos is a scalable layer-1 blockchain based on the Move programming language. APT is the project's native token. APT is up 5.5%, trading at $9.57 per coin.

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Author

Hassan Maishera

Hassan is a Nigeria-based financial content creator that has invested in many different blockchain projects, including Bitcoin, Ether, Stellar Lumens, Cardano, VeChain and Solana. He currently works as a financial markets and cryptocurrency writer and has contributed to a large number of the leading FX, stock and cryptocurrency blogs in the world.