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Tether (USD₮) To Launch on Aptos Blockchain

Twitter icon  •  Published 4 months ago on August 21, 2024  •  Hassan Maishera

The Aptos Labs announced via X on Monday that Tether will launch its U.S. dollar-pegged Tether tokens (“USDT”) on the Aptos Network.

Tether (USD₮) To Launch on Aptos Blockchain

The Aptos Labs announced via X on Monday that Tether will launch its U.S. dollar-pegged Tether tokens (“USDT”) on the Aptos Network. The move is part of Tether’s broader strategy to make digital currency more accessible and valuable globally, capitalizing on Aptos’ advanced blockchain technology and exceptional speed and scalability.

USDT’s integration on the Aptos blockchain will also bring 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 by less than 1%, trading at $6.14 per coin.

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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.