According to Token Terminal, natively minted USDT supply on Aptos has increased from $130m to $340m just during the month of December.
That is an increase of %161.54 ! In just one month !
The interest for native USDT on Aptos has been increasing throughout the Aptos Community and it has been great to see community members take advantage of this new asset on Aptos.
Money moves faster on Aptos, and it moves cheaply as well. With the super low gas fees, USDT on Aptos is set to continue taking more market share of the available USDT on blockchains.
I highlighted some of the achievements of USDT on blockchains in a previous post on X. Some details include:
@Tether_to launched in 2014, is the largest stablecoin by market cap. It aims to maintain a 1:1 peg with the US dollar, providing stability in the volatile crypto market.
tether.to/en/faqs/
USDT has been integrated into multiple blockchains over the years, including Ethereum, TRON, Solana, and now Aptos. Each integration has aimed to improve accessibility and reduce transaction costs.
USDT was initially launched on the Bitcoin blockchain using the Omni Layer Protocol. In 2018, it was released on the Ethereum blockchain as an ERC-20 token. This integration significantly increased USDT’s transaction speed and reduced fees, making it compatible with decentralized applications (DApps) on Ethereum.
Tether expanded to the TRON blockchain in 2019. As of now, Tron has the largest net circulation of USDT with $61.74 billion. The integration with TRON has provided users with faster transactions and lower fees compared to Ethereum.
USDT was launched on the Solana blockchain in 2021. This integration aimed to leverage Solana’s high-speed, low-cost transaction capabilities. Currently, Solana hosts $757.15 million worth of USDT.
The launch on Aptos promises extremely low gas fees, costing only a fraction of a penny. This could make USDT more accessible for a wider range of use cases, from microtransactions to large-scale operations.