Aptos

DeFi

Bitcoin

when

<h4>Tether has revealed that it will deploy its famous stablecoin, USD₮, on the Aptos blockchain. This move is part of Tether’s ongoing effort to expand its reach and make digital currency more accessible worldwide. Aptos, known for its high-speed transactions and scalability, is an ideal match for Tether.</h4> 
<h5>Why Aptos?</h5> 
The <a href="https://aptosfoundation.org/" target="_blank" rel="noopener">Aptos network</a> is growing and is now capable of settling a large number of transactions within seconds. This is a clear benefit to Tether users. For example, the <a href="https://x.com/artemis__xyz/status/1824746813171040522?s=46" target="_blank" rel="noopener">daily active users</a> increased from 96,000 in Q1 to 170,000 by July. In May, Aptos completed 157 million transactions on the same day, a sign of commanding influence. 
The <a href="https://app.artemis.xyz/project/aptos?from=chains" target="_blank" rel="noopener">performance data</a> also confirm that Aptos is an appropriate platform to issue Tether <a href="https://www.altcoinbuzz.io/?s=usdt" target="_blank" rel="noopener">USD₮</a>. The distinct feature of Aptos is that it returns more decentralized control over your finances and lower transaction fees. It’s one of the best chains that doesn’t currently offer native USDT. 
<h5>What This Means for Users</h5> 
This new integration is a significant win for Tether users and the Aptos ecosystem. Low gas fees are due to lower-cost money movement running on Aptos. This is a fantastic feature when you want to move tiny amounts in payments. With its speed, Aptos has a significant edge in digital transactions. 
<h5>What Tether and Aptos Leaders Are Saying</h5> 
Tether CTO <a href="https://x.com/paoloardoino?s=21" target="_blank" rel="noopener">Paolo Ardoino</a> said, “Tether is happy to launch on Aptos.” This is one more effort to provide accessibility to digital currencies. Aptos is perfect for projects to run on—fast, low-cost transactions with cutting-edge technology. 
Aptos CEO <a href="https://x.com/moshaikhs?s=21">Mo Shaikh</a> agreed that adding the integration would mark 
<blockquote>
 a significant milestone on the agency side of the Aptos business. He said this would enable Aptos to gain audience support and boost its innovations. This is an excellent opportunity for Aptos. “We can’t wait to see what our builders across the ecosystem create in their work with Tether, using Move on Aptos.
</blockquote> 
&nbsp; 
You can see the announcement here on X. 
<blockquote class="twitter-tweet"> 
 Landmark day for Aptos! <a href="https://twitter.com/Tether_to?ref_src=twsrc%5Etfw">@Tether_to</a> will issue USD₮ – the world’s most liquid and market dominant stablecoin on Aptos – the first Move ecosystem to get a stablecoin. We are so early… 
 Your access to twitch-fast throughput, low latency, low gas fees, and rapid processing just… <a href="https://t.co/jwuNYsILLp">https://t.co/jwuNYsILLp</a> 
 — Mo Shaikh <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f310.png" alt="🌐" class="wp-smiley" style="height: 1em; max-height: 1em;"> aptOS (@moshaikhs) <a href="https://twitter.com/moshaikhs/status/1825529827937706257?ref_src=twsrc%5Etfw">August 19, 2024</a>
</blockquote> 
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
<h5>Looking Ahead</h5> 
The release of USD₮ on Aptos is a step towards a global, decentralized financial system. <a href="https://x.com/basharlazaar?s=21">Bashar Lazaar</a>, Head of Grants and Ecosystems at Aptos Foundation, said this partnership will make it easier for everyone. 
Blockchain makes real value available to large institutions and everyone. Aptos is building a faster DeFi and payment system, which is also perfect because bringing USD₮ on board further supports this goal. 
USD₮ will, in turn, encourage more people to use stablecoins, increasing the Tether and Aptos user base. 
<h5>Conclusion</h5> 
USD₮ on Aptos is a big step in making decentralized finance more efficient. Launching USD₮ on Aptos will showcase its abilities, demonstrating Tether’s commitment to helping provide the benefits of digital currency to everyone. As it launches, you will experience practical transactions and a higher stablecoin utility within the Aptos network. This collaboration moves us closer to a time when digital finance is faster and easier than ever. 
Stay glued to Altcoin Buzz to never miss out on any crypto-related updates. 
<a href="http://patreon.com/altcoinbuzz"><img decoding="async" class="alignnone size-large wp-image-123701" src="https://www.altcoinbuzz.io/wp-content/uploads/2023/09/Alpha_website_leaderboard-banner-1-1024x127.jpg" alt="" width="696" height="86" srcset="https://www.altcoinbuzz.io/wp-content/uploads/2023/09/Alpha_website_leaderboard-banner-1-1024x127.jpg 1024w, https://www.altcoinbuzz.io/wp-content/uploads/2023/09/Alpha_website_leaderboard-banner-1-300x37.jpg 300w, https://www.altcoinbuzz.io/wp-content/uploads/2023/09/Alpha_website_leaderboard-banner-1-768x95.jpg 768w, https://www.altcoinbuzz.io/wp-content/uploads/2023/09/Alpha_website_leaderboard-banner-1-696x86.jpg 696w, https://www.altcoinbuzz.io/wp-content/uploads/2023/09/Alpha_website_leaderboard-banner-1-1068x132.jpg 1068w, https://www.altcoinbuzz.io/wp-content/uploads/2023/09/Alpha_website_leaderboard-banner-1.jpg 1197w" sizes="(max-width: 696px) 100vw, 696px"></a> 
<iframe title="Invest only $1000! Biggest Buy the Dump Opportunity for Crypto" width="696" height="392" src="https://www.youtube.com/embed/2VN_DU9ekQs?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe> 
<h6>Disclaimer</h6> 
The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment and informational purposes only. Any information or strategies are thoughts and opinions relevant to accepted levels of risk tolerance of the writer/reviewers, and their risk tolerance may be different from yours. 
We are not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments, so please do your due diligence. 
Copyright Altcoin Buzz Pte Ltd. 
The post <a href="https://www.altcoinbuzz.io/product-release/tether-launching-on-aptos/">Tether Launching on Aptos</a> appeared first on <a href="https://www.altcoinbuzz.io">Altcoin Buzz</a>.

Tether Launching on Aptos

Altcoin Buzz

Other articles published on Aug 22, 2024

Could Bitcoin’s Transaction Fees Explode Again? A Look Back at the 1.91 BTC per Block Peak

G-SHOCK and STEPN GO Announce Limited Edition Co-Branded Genesis NFT Sneakers (22 Aug)

Altcoins Show Strong Upward Pressure Despite Bitcoin’s Stagnation

Corporate Crypto Donations Dominate 48% Of 2024 Election Funds

Altcoin Rally: TON, ONDO, TRX, WIF, and RNDR Outperform Market

TRON revenue hits new ATH, price falls despite market-wide rally

Join our free newsletter for daily crypto updates!