PANews reported on October 28 that global digital asset giant Tether announced that it will launch its mainstream stablecoin USDT on the Aptos network, becoming the first stablecoin issued on a chain supported by Move technology.

The Aptos network is known for its high performance, low transaction fees, and ultra-low latency. The number of daily active users of the network increased from 96,000 in January to 170,000 in July. This spring, Aptos processed 160 million transactions in one day.