Tether Launches USDT On Aptos To Lower Transaction Costs

Author: Nidhi Kolhapur

Nidhi is a Certified Digital Marketing Executive and Passionate crypto Journalist covering the world of alternative currencies. She shares the latest and trending news on Cryptocurrency and Blockchain.

Aug 19, 2024 18:37

Tether has launched its United States dollar-pegged token, USDT, on the Aptos blockchain to lower transaction costs. The move is part of Tether’s plans to improve digital currency accessibility and its use globally. By integrating Tether (USDT) on Aptos, Tether aims to utilize Aptos blockchain’s scalability and speed to provide users with extremely low gas fees, costing only a fraction of a penny. Aptos has witnessed substantial growth throughout the year, noting a rise in average daily active users (DAU) from 96,000 in January to 170,000 in July.