Tether on Aptos.. and a partnership with Nansen (good for analytic info via tools), finally(?!). An important review, with a 3 star rating, as to me, this was a no brainer long time ago, while briefly noting the legal challenges Tether faces of course.
Tether's expansion of its USDT stablecoin to the Aptos blockchain, emphasizing the benefits of lower transaction fees. This move aims to make digital currency more accessible by leveraging Aptos' scalability and low-cost transactions, which are described as economically viable for both small and large-scale operations.
Key points highlighted include the growth of the Aptos blockchain, evidenced by an increase in daily active users and a record number of transactions in May 2024. Tether’s CEO, Paolo Ardoino, expresses optimism about this integration, seeing it as a step towards making digital currencies more functional and widespread.
Also, a new partnership between Nansen, a blockchain analytics firm, and Aptos to provide analytical tools that can help users and investors better understand the Aptos ecosystem.
Overall, Tether's strategic effort to enhance the utility and adoption of USDT by integrating with a growing blockchain like Aptos. To me a positive tone towards Tether's initiatives and the potential of the Aptos blockchain.
(Inspiration and image credit go to Cointelegraph). Show Less
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