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Tether Inc., the leading issuer of stablecoins, is adding its U.S. dollar-pegged stablecoin, USDT, to the Aptos blockchain. This move aims to extend Tether’s reach by incorporating Aptos, a layer-1 blockchain developed by former Facebook employees.
Though the exact date of the launch is still under wraps, Tether has emphasized the importance of Aptos’ growing developer community. The network’s steady increase in deployed contracts indicates ongoing and active development, which Tether sees as a crucial advantage.
Aptos also offers extremely low gas fees, which Tether believes will broaden USDT’s use cases. These range from microtransactions to large-scale enterprise operations. By integrating with Aptos, Tether hopes to enhance the utility and accessibility of USDT for a diverse range of users.
Mo Shaikh, CEO of Aptos Labs, shared his enthusiasm for the partnership. He anticipates that the network will process massive transaction volumes and experience rapid user growth. “As a member of the Aptos community, I’m looking forward to seeing builders across Aptos’ hefty ecosystem combine strengths with Tether and leverage Move on Aptos to push the boundaries of what blockchain technology can achieve for users globally,” Shaikh stated.
This integration is part of Tether’s ongoing expansion across various blockchain networks, including Ethereum, TRON, and Solana. Currently, most of Tether’s supply is concentrated on TRON and Ethereum, which together hold $113.7 billion in liquidity.
Despite its expansion, Tether is also narrowing its focus. In June, the company announced plans to cease support for certain networks by September 2025. These include Omni, Kusama, SLP, EOS, and Algorand, as Tether seeks to balance maintainability, usage, and community interest.