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USDT Stablecoin Launched on Aptos Blockchain

USDT Stablecoin Launched on Aptos Blockchain

HappyCoinNews2024/10/29 15:33
By: HappyCoinNews
SOL+4.06%APT-0.22%

Company Tether , the issuer of the USDT stablecoin, announced that its asset has been launched on the Aptos blockchain. Previously, the company's representatives indicated that thanks to the support of the Aptos network, it will be possible to conduct transactions with USDT with very low fees (less than 1 cent).

USDT Stablecoin Launched on Aptos Blockchain image 0

The implementation of the initiative will expand the list of scenarios for using the USDT stablecoin from microtransfers to operations in large companies, they noted. Tether .

As you know, USDT is currently functioning in several blockchain networks at once, and the most famous of them are Tron , Ethereum , avalanche, Solana and TON.

Aptos Blockchain Has Been Selected Tether for its superior speed and scalability. In particular, this spring, the network saw 157 million transactions per day.

Token blockchain Aptos (APT) is among the top 30 largest cryptocurrencies with a capitalization of over $4,6 billion. Amid the negative news background due to the publication of the WSJ that against Tether There is a federal investigation underway, and this decision seems logical.

In addition, today one of the banks of Bolivia, Bisa Bank has provided its customers the ability to make payments and transfers in USDT. Perhaps such news will calm the market, which has begun to doubt the sustainability of the stablecoin.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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