Deniz 
To cut transaction costs, digital asset startup Tether Operations Limited (Tether) has debuted its United States dollar-pegged token on the Aptos blockchain. A press release claims that the action is part of Tether’s strategies to increase global adoption of digital currencies and their accessibility.
Tether wants to exploit the scale and speed of Aptos blockchain to bring consumers “very low gas fees, costing only a fraction of a penny” by including USDT on the platform. Transaction fees will become “economically viable” for more general use cases—including “microtransactions and large-scale enterprise operations“—by means of the new integration.
The press statement notes a surge in average daily active users (DAU) from 96,000 in January to 170,000 in July, therefore indicating that Aptos has seen significant expansion all year. Tether CEO Paolo Ardoino said that Aptos’ technology would enable “faster and more cost-effective transactions” with USDT.
“The team at Tether is eager to integrate and cooperate with the Aptos ecosystem, strengthening our dedication to provide digital currencies with more accessibility and functional value.”
Blockchain analytics company Nansen teamed with Aptos on July 17 to provide on-chain analytics and data to the blockchain ecosystem. The cooperation sought to provide consumers and investors with the analytical tools needed to assist in the identification of continuous trends, thereby enabling the growth of the Aptos ecosystem. Nansen CEO Alex Svanevik clarified that the alliance would give crypto teams the instruments required to “delve deeper into the Aptos ecosystem.”
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