The USDT stablecoin, the largest in the crypto market, is expanding to the Aptos blockchain network, drawing a new horizon for accessibility in the cryptocurrency ecosystem.
This was stated by Tether Limited, issuer of the USDT stablecoin, highlighting that the expansion of the stablecoin into the Aptos blockchain reflects its commitment to making USDT even more accessible and useful globally.
The company also indicated that the upcoming integration of USDT not only represents a significant step in its growth and accessibility strategy, but also highlights the growing importance of the Aptos network, as one of the most advanced blockchain platforms in the crypto industry.
Speed, scalability and low rates set Aptos apart
According to Tether, its decision to launch USDT on Aptos is based on the unique capabilities of this blockchain network, which is known for its exceptional speed and scalability. Aptos has seen notable growth in its ecosystem, with daily active users increasing from 96.000 in January to 170.000 in July 2024. This growth is complemented by a record 157 million transactions processed in a single day in May 2024, which demonstrates the robustness and efficiency of the network.
Tether announced that it will leverage all of these exceptional features of Aptos to integrate its stablecoin and provide users with an affordable transaction option in the digital ecosystem.
In addition to its high level of scalability, Aptos offers extremely low gas fees, barely reaching a fraction of a cent, making it an attractive network for developing a wide range of applications, from microtransactions to large-scale enterprise operations. . The stablecoin company highlighted that all of this is crucial to improving accessibility and efficiency in the digital world.
USDT continues to expand in the blockchain ecosystem
Tether CEO Paolo Ardoino he highlighted the company's excitement about integrating USDT into the Aptos ecosystem, again underscoring Tether's commitment to making digital currencies more accessible and functional. According to Ardoino, this integration represents a strategic move that seeks to democratize access to USDT and cryptocurrencies, allowing more people and companies to benefit from the advantages of transactions on the blockchain.
“This collaboration underscores our continued efforts to lead with innovation and support our users with stable and reliable financial tools”, Ardoino stressed.
For his part, Mo Shaikh, CEO of Aptos Labs, emphasized that this collaboration represents a significant milestone for Aptos and its blockchain ecosystem.
The Aptos network's ability to process large volumes of transactions quickly and efficiently will enable accelerated growth of its user base, Shaikh noted, underlining that the synergy between Tether and the network will not only benefit current users, but also will attract new developers and companies to the ecosystem, further expanding opportunities in the cryptocurrency space.
Implications for the Decentralized Finance ecosystem
In addition to improving the accessibility of USDT, the arrival of the stablecoin to Aptos also has important implications for the decentralized finance (DeFi) ecosystem. With the growing demand for fast and efficient financial solutions, the integration of Tether will allow users to transact more seamlessly and at a lower cost. This is particularly relevant for DeFi developers, who are looking to build financial applications that enable high processing capacity with low transaction fees for users.
Bashar Lazaar, Head of Grants and Ecosystems at Aptos Foundation, mentioned that the launch of USDT on this blockchain will accelerate the availability and usefulness of real-world value for institutions, Web3 creators, and everyday people around the world. Lazaar highlighted this focus on interoperability and decentralization as critical to the future of digital finance, allowing users to interact with multiple platforms and services without the limitations imposed by traditional infrastructures.
“We are building a robust, global, institutional-grade DeFi and payments ecosystem that values speed, decentralization and interoperability, while leveraging Move on Aptos to make it all work”, Lazaar highlighted.
Tether approaches $117.000 billion in capitalization
Tether's expansion into new networks like Aptos represents a strategic move that seeks to transform the access and functionality of digital currencies and the way users interact with cryptocurrencies in the digital ecosystem.
Currently, USDT is the most capitalized stablecoin in the entire crypto market, with a value of $ 116.950 million dollars in market capitalization, according to data from CoinMarketCap, at the time of writing this article. This stablecoin has positioned itself as the leading digital currency of its kind thanks to its ease of offering global payments, its ability to maintain a stable value, and continued expansion into multiple blockchain networks.
