Tether has introduced USDT, a dollar-pegged token based on the US dollar, to the Aptos blockchain to reduce transaction costs. Tether wants to offer users extremely low fees, costing only a fraction of a penny on Aptos by leveraging the speed and scalability of the Aptos blockchain.
According to the post on X, improved integration will make transaction costs for broader use cases, such as microtransactions and large-scale enterprise operations, economically viable.
CEO of Tether, Paolo Ardoino coomentd that Aptos blockchain will ensure a fast reliable, cost-effective transaction.
“The team at Tether is excited to integrate and collaborate with the Aptos ecosystem, enhancing our commitment to making digital currencies more accessible and functional.” He said
However, Aptos also experienced 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 Aptos Foundation, which is dedicated to providing best-in-class on-chain data and analytics to the Apros ecosystem.
According to Bashar Lazaar, Head of Grants and Ecosystems at Apros Foundation:
“We all benefit when the world’s best are working to advance technology. Bringing these top data integration providers into the Aptos ecosystem ensures builders, projects, and protocols can make the most of on-chain data and deliver value to their communities.”
