Tether Stablecoin Goes Live on Aptos Blockchain
Stablecoin issuer Tether Holdings is on track to launch USDT on Aptos in a bid to expand the reach of both protocols.
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Stablecoin issuer Tether Holdings is on track to launch USDT on Aptos in a bid to expand the reach of both protocols.
TL;DR Tether has announced the launch of USDT on the Aptos blockchain network, expanding access and utility for the stablecoin. Aptos has reached a record of 157 million transactions in a single day and over 170,000 active users.
The recent crypto crash presented a major opportunity for long-term holders to accumulate more altcoin assets ahead of the highly anticipated parabolic rally. On-chain data analysis shows that smart money has accelerated its accumulation pace amid heightened fear of further crypto capitulation.
Tether said it is expanding its USDT stablecoin to the layer-1 blockchain network Aptos, according to an Aug. 19 statement. This move furthers USDT presence across various blockchain networks, including Ethereum, Tron, Avalanche, Celo, and Solana.
USDT issuer Tether plans to integrate the stablecoin with the Aptos blockchain.
Tether disclosed that its dollar-pegged USDT stablecoin will soon be available on the layer-1 blockchain Aptos Network. In the stablecoin issuer's press release, it noted that it is part of its strategy to make USDT more accessible to crypto users.
USDT's market capitalization has hit $115 billion as it continued to command almost 70% of the stablecoin market share.
The new integration will make the digital currency more accessible and useful globally
Tether's USDT launch on Aptos could significantly boost decentralized finance adoption by leveraging Aptos' speed, scalability, and low fees. The post Tether to deploy USDT on Aptos blockchain appeared first on Crypto Briefing.
Stablecoin issuer Tether said that it is bringing the USDT stablecoin to the Aptos blockchain, providing wider ecosystem support.
Stablecoin issuer Tether on Monday said it plans to launch the U.S. dollar-pegged USDT on the Aptos Network. The company is capitalizing on Aptos' advanced blockchain technology and superior speed and scalability as part of the broader strategy to make digital currency more accessible and useful globally.
Tether Operations, the issuer of the world's largest stablecoin, has announced its plan to launch U.S. dollar-pegged Tether tokens (USDT) on the Aptos Network.
Stablecoin issuer Tether is expanding its blockchain portfolio, bringing the USDT stablecoin to the Aptos ecosystem. Tether Inc., the largest stablecoin issuer by market capitalization, revealed in an Aug. 19 announcement that its U.S.
Tether's USDT is now live on the Aptos blockchain, aiming to enhance digital currency use with ultra-low fees.
Tether announces the launch of its USD₮ tokens on the Aptos Blockchain, enhancing accessibility and utility with advanced technology.
How Tapos Cat game exploded Aptos network to record high daily transactions
Aptos (APT) goes against the market's general downward momentum. According to CoinGecko, the token is up more than 25% since last week, a good sign despite the broader market dipping by 3% in the past 24 hours.
Aptos' user transactions per second hit a record 14,340, marking the third-highest peak in the network's history.
Aptos (APT) has recently emerged as a focal point for traders and investors. The cryptocurrency has witnessed a significant surge in value, with its price climbing to approximately $6, marking a remarkable 25% increase over the past week.
Layer-1 network Aptos saw a 3,570% increase in its daily volume on August 13 after recording 51.6 million transactions. The surge in transaction volume was due to the launch of a new version of the click-to-earn game Tapos 2.
Keep An Eye On Aptos(APT), Breakout From Descending Channel Target To $9. APT Coin made a bullish reversal from a low of $4.5 on 5th August to a high of $6.8 at the time of writing.
Aptos (APT) price is on the verge of an extended bullish continuation as the altcoin prepares to secure a crucial resistance and flip it into support.
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Aptos has made massive gains since the market recovery after its recent crash, surging 22.29% on weekly charts.