Tether has announced plans to launch its USDT tokens on the Aptos Network blockchain. The stablecoin issuer aims to benefit from Aptos’ advanced blockchain technology, including its speed and scalability.

The collaboration between Tether, the industry’s largest stablecoin issuer, and Aptos, a blockchain infrastructure, is expected to open up new opportunities for the crypto ecosystem.

Tether announcement comes amid impressive growth of Aptos

Aptos has shown impressive growth in 2024, with the number of daily active users increasing from 96,000 in January to 170,000 in July. The blockchain also recorded a record-breaking 157 million transactions processed in a single day in May.

One of the most compelling aspects of this integration is the promise of extremely low gas fees, with transactions costing just a fraction of a cent. This feature could make USDT transactions on Aptos economically viable for a wide range of use cases, from microtransactions to large-scale operations.

Paolo Ardoino, CEO of Tether, emphasized the company’s commitment to innovation and accessibility, stating that Aptos’ technology provides a solid platform for faster and lower-cost USDT transactions.

“The team at Tether is excited to integrate and collaborate with the Aptos ecosystem, underscoring our commitment to making digital currencies more accessible and functional,” said Paolo.

Mo Shaikh, CEO of Aptos Labs, emphasized the importance of this integration for the Aptos ecosystem and expressed his excitement about the potential synergies between Tether’s stability and Aptos’ technical capabilities.

The move is also in line with Aptos’ vision to build a robust, global, and institutional DeFi and payments ecosystem. Bashar Lazaar, Head of Grants & Ecosystem at Aptos Foundation, noted that the launch of USDT on Aptos accelerates the availability of real-world value to institutions.

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