CandleFocus

$USDT Lands on Aptos, Expanding DeFi Access to 30 Million Users

Author: Content Editor
The Aptos blockchain platform has integrated Tether ($USDT), becoming the first Move-powered blockchain to support the stablecoin. This integration has resulted in a significant increase in the market capitalization of Tether on the Aptos network, reaching nearly $275 million. The Aptos network has recorded over 33 million transactions, with almost 4 million active users and over 8 million monthly activities. SK Telecom, a South Korean telecommunications company, now offers access to $USDT on Aptos through its T Wallet application, providing digital currency access to over 30 million users. The decentralized applications (dApps) on the Aptos network, including Amnis Finance, Panora Exchange, and Kanalabs, have remained active, with Amnis Finance reaching a record high of $250 million in Total Value Locked. Additionally, partnerships, such as the one between VibrantX and Joule Finance, are enhancing DeFi services within the Aptos ecosystem.

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