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2024

Aptos

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Time

<p>The post <a href="https://coinpedia.org/news/tether-and-aptos-partnership-time-for-lightning-fast-crypto-transactions/" rel="noopener noreferrer nofollow">Tether and Aptos Partnership: Time For Lightning-Fast Crypto Transactions!</a> appeared first on <a href="https://coinpedia.org" rel="noopener noreferrer nofollow">Coinpedia Fintech News</a></p>
<p>Tether- the issuer of the biggest stable coin USDT, dropped a huge announcement that’s gonna make transactions dirt cheap and super efficient. Are you ready to learn how Tehter is going to do that, let’s dive in.</p>
<h2 class="wp-block-heading" id="h-tether-s-big-move-to-aptos">Tether’s Big Move to Aptos</h2>
<p>On August 19, Tether made an announcement that they’re taking its stablecoin -USDT,&nbsp; to the Aptos blockchain. This is not just a random update but a strategic partnership.</p>
<figure class="wp-block-embed aligncenter is-type-rich is-provider-twitter wp-block-embed-twitter">
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   <p lang="en" dir="ltr">Tether (USD₮) To Launch on Aptos Blockchain<br>Learn more: <a href="https://t.co/oAZcqa5RRv" rel="noopener noreferrer nofollow">https://t.co/oAZcqa5RRv</a> <a href="https://t.co/0Mp7Lwm82b" rel="noopener noreferrer nofollow">pic.twitter.com/0Mp7Lwm82b</a></p>— Tether (@Tether_to) <a href="https://twitter.com/Tether_to/status/1825459989386776707?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">August 19, 2024</a>
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  Source : X(formerly Twitter)
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<p>Aptos is known for its speed and scalability, which means super low gas fees. Imagine doing transactions for just a fraction of a penny! Tether’s CEO <a href="https://tether.io/news/tether-usd%e2%82%ae-to-launch-on-aptos-blockchain/" target="_blank" rel="noopener noreferrer nofollow">Paolo Ardoino</a> couldn’t hide his excitement, saying Aptos’ tech will make transactions faster and more cost-effective.</p>
<h2 class="wp-block-heading" id="h-the-numbers-behind-the-move">The Numbers Behind the Move</h2>
<p>Why would Tether choose Aptos? Well, Aptos has been on fire this year. Daily active users jumped from 66,560 in January to a whopping 346,883 by june.</p>
<div class="wp-block-image">
 <figure class="aligncenter size-full"><img decoding="async" width="557" height="410" src="https://image.coinpedia.org/wp-content/uploads/2024/08/19231545/Aptos-active-addresses.png" alt="Aptos-active-addresses" class="wp-image-340289" srcset="https://image.coinpedia.org/wp-content/uploads/2024/08/19231545/Aptos-active-addresses.png 557w, https://image.coinpedia.org/wp-content/uploads/2024/08/19231545/Aptos-active-addresses-300x221.png 300w, https://image.coinpedia.org/wp-content/uploads/2024/08/19231545/Aptos-active-addresses-150x110.png 150w" sizes="(max-width: 557px) 100vw, 557px">
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   Source : IntoTheBlock
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<p>Moreover, on August 15th, the network handled 326 million transactions in a single day, hitting over 12,000 transactions per second at peak times. These numbers show Aptos can handle massive volumes like a champ.</p>
<p>DeFillama data shows that most of Tether’s $116 billion supply is on TRON and Ethereum, which hold 88% of the total. Moving to Aptos could spread this out and boost liquidity across different networks.</p>
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 <figure class="aligncenter size-full"><img decoding="async" width="520" height="318" src="https://image.coinpedia.org/wp-content/uploads/2024/08/19231627/supply-of-tether-on-various-chains.png" alt="supply-of-tether-on-various-chains" class="wp-image-340290" srcset="https://image.coinpedia.org/wp-content/uploads/2024/08/19231627/supply-of-tether-on-various-chains.png 520w, https://image.coinpedia.org/wp-content/uploads/2024/08/19231627/supply-of-tether-on-various-chains-300x183.png 300w, https://image.coinpedia.org/wp-content/uploads/2024/08/19231627/supply-of-tether-on-various-chains-150x92.png 150w" sizes="(max-width: 520px) 100vw, 520px">
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   Source : Defillama
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<h2 class="wp-block-heading" id="h-nansen-teams-up-with-aptos">Nansen Teams Up with Aptos</h2>
<p>Adding more fuel to the fire, Nansen, a top blockchain analytics provider, teamed up with the Aptos Foundation in July. This partnership is all about bringing the best on-chain data and analytics to Aptos. Bashar Lazaar from the Aptos Foundation said this will help builders, projects, and protocols make the most of on-chain data.</p>
<h2 class="wp-block-heading" id="h-a-broader-perspective">A Broader Perspective</h2>
<p>Tether’s been shifting its focus to “enhancing community-driven blockchain support.” They recently cut support for EOS and Algorand. Bringing USDT to Aptos shows Tether’s push for innovation and making digital currencies more user-friendly.</p>
<p>Now with USDT live on Aptos, things seem to be getting better for both. This partnership might just change the game in the digital currency space, setting a new benchmark for transaction costs and efficiency.</p>
<p><strong>Also Read : <a href="https://coinpedia.org/news/75-of-bitcoin-locked-up-is-the-100k-surge-just-around-the-corner/" rel="noopener noreferrer nofollow">75% of Bitcoin Locked Up: Is the $100K Surge Just Around the Corner?</a></strong></p>

Tether and Aptos Partnership: Time For Lightning-Fast Crypto Transactions!

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