Tether Launches USDT on Aptos, Transfers $495M to Binance Amid Growing TVL

Tether has officially launched its USDT stablecoin on the Aptos blockchain, with support from major exchanges like Bybit, OKX, and others. The move comes as the outstanding USDT supply on Aptos has grown significantly, increasing from approximately $20 million to $100 million since the start of the month.

Concurrently, Tether has transferred $495 million in USDT from its treasury to Binance, signaling potential market movements. Aptos has also seen its Total Value Locked (TVL) soar to $1.95 billion, with over 1 million new users joining the ecosystem and transaction volumes rapidly increasing. The platform's growth is further evidenced by the addition of native USDT support on over 11 chains, providing users with a seamless trading experience across different blockchains.

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