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Tether has officially launched its USDT stablecoin on the Aptos (APT) blockchain. With USDT on Aptos, transactions are expected to become smoother, cheaper, and faster. Ultimately, these could result in higher price movements for the world’s most adopted stablecoin.
Aptos Finally Taps USDT On-chain, Key Implications
Layer-1 blockchain Aptos focuses on delivering an efficient, scalable, and user-friendly platform for decentralized applications and smart contracts.
Aptos noted that the integration will expand USDT’s reach globally and access to digital finance in emerging markets. The launch makes USDT the first stablecoin to go live on a Move-powered ecosystem.
The integration leverages Tether’s high performance, reliability, and interoperability and Aptos’ security powered by Move. USDT on Aptos will offer a high transaction efficiency with minimal gas fees and rapid processing.
According to the protocol, this will make it an ideal platform for micro-transactions and large-scale global operations.
Aptos is well-positioned for integration. The average daily active users on Aptos almost doubled this year, from 96,000 in January to 170,000 in July.
Additionally, Aptos’ developers experienced 100x lower gas fees than comparative Layer 1 platforms, at only a fraction of a penny. This feature expands potential asset use cases for USDT and increases accessibility, especially in emerging markets.
The integration will boost USDT’s value for developers across regions and economic backgrounds, enabling secure DeFi innovation at scale. Developers can now experiment with test transactions for USDT on Aptos.
Aptos Latest Ecosystem Updates
Aptos recently demonstrated its capacity for scalability by processing a record-breaking 160 million transactions in a single day this spring. As Aptos celebrated its second anniversary, the network announced transactions reaching 1.7 billion.
This May, Aptos became the first blockchain to deliver consistent sub-second E2E latency for all transaction types. This feat makes its latency the fastest in Web3.
Furthermore, Aptos has surpassed rival blockchains, increasing DEX trading volume by 3.432%. The network almost doubled the DEX trading volume growth that Solana, the runner-up, achieved during the same period.
The network has also integrated with top projects and performed a series of upgrades to enhance the network performance.
The Layer 1 blockchain recently collaborated with dWallet Network, a cutting-edge native multi-chain technology platform. dWallet’s unique Zero Trust Protocols (ZTPs) were introduced to improve the interoperability and performance of DeFi apps.
APT Price Outlook and Projection
Meanwhile, the network’s native token, APT, has seen exciting price boosts in the past few months. APT price previously attempted to break through the $9.25 to $9.30 range, which has remained unchanged since late May.
As of this writing, the APT price was $8.89, down 2.4% in the past 24 hours. However, the coin has increased by 9.8% in the past month. Bullish projections that an uptick is ahead once the community prices in the key milestone’s shares are made.
Crypto analyst Kong Trading forecasted that APT is set for a breakout to $30. The analyst pointed to a strong accumulation pattern in the buying and selling signals as instigating this bullish phase.