Tether just keeps growing. The stablecoin issuer is launching on the Aptos (APT) blockchain. Why this choice and what does it say about the stablecoin issuer's ambitions?
Tether Launches USDT on Aptos (APT) Blockchain
Tether just keeps growing. The stablecoin issuer is launching on the Aptos (APT) blockchain. Why this choice and what does it say about the stablecoin issuer's ambitions?
Tether arrives in Aptos
Tether announced today that USDT will soon be available on Aptos (APT). The stablecoin issuer promises the addition will enable transaction fees “extremely low“.
👉 Discover our fact sheet to understand everything about Tether's USDT stablecoin
According to Tether, this partnership will allow: to attract users with different economic realities, thanks to affordable transactions. It also opens the door to microtransactions, a key element for building certain applications that require processing a large number of transactions.
Paolo Ardoino, CEO of Tether, welcomed this progress :
” “Aptos’ innovative technology provides a robust platform to facilitate faster and cheaper transactions with USDT.“
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USDT capitalization is growing
USDT continues to confirm its place as king of stablecoins. Its capitalization has increased to 116 billion dollars.driven in part by an ever-widening expansion to various blockchains. At this point, USDT is available on about ten networks.
This does not, however, prevent Tether from reversing course when it deems it necessary.Last June, the stablecoin issuer announced the end of USDT support on Algorand (ALGO) and EOS. It justified this choice by the lack of adoption of the 2 blockchains concerned.
🌐 Also in the news – $5.2 billion profit: Tether maintains its position as the undisputed leader of stablecoins
The company remains in excellent shape despite regulatory challenges and the recent drop in cryptocurrency pricesLast week, we learned that it would double its workforce within a year.
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Source: Tether, press release
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A journalist at Cryptoast since 2017, I am passionate about the issues of decentralization, privacy and regulation. I specialize in traditional economics and finance, analyzing how news from this sector influences the cryptocurrency sector, offering a unique and informed perspective to Cryptoast readers.
Marine Debelloir
3102 articles
