Tether introduced USDT, a dollar-pegged token based on the US dollar, to the Aptos blockchain to reduce transaction costs. Tether aims to offer users extremely low fees, costing only a fraction of a cent on Aptos by leveraging the speed and scalability of the Aptos blockchain.
According to the X post, better integration will make transaction costs for broader use cases, such as microtransactions and large-scale enterprise operations, economically viable.
Tether CEO Paolo Ardoino said the Aptos blockchain will ensure fast, reliable and cost-effective transactions.
“The Tether team is excited to integrate and collaborate with the Aptos ecosystem, furthering our commitment to making digital currencies more accessible and functional.” He said
However, Aptos also saw exponential growth in 2024, with daily active users increasing from 96,000 in January to 170,000 in July.
Meanwhile, in July, Nansen announced its partnership with the Aptos Foundation, which is dedicated to bringing best-in-class on-chain data and analytics to the Apros ecosystem.
According to Bashar Lazaar, Head of Grants and Ecosystems at the Apros Foundation:
“We all benefit from the world’s best working to advance technology. Integrating these leading data integration providers into the Aptos ecosystem ensures that builders, projects, and protocols can leverage on-chain data to bring value to their communities.”
Also read: Celsius sues Tether for $3.5 billion in Bitcoin
