Crypto.com Enables USDT and USDC Transfers via Aptos Network
Kraken’s support for Aptos native USDT transactions accelerates the network's growth, positioning Aptos as a leading player in the stablecoin ecosystem.
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Fact Check
The statement is directly confirmed by a primary source, Crypto.com's official and verified X (Twitter) account. The post explicitly states that 'Deposits and withdrawals of USDT and USDC via Aptos Network have just been enabled'. Multiple other sources corroborate the underlying fact that USDT and USDC are available on the Aptos network.
Summary
On October 9, Kraken launched support for USDT deposits and withdrawals on the Aptos network, marking Aptos as its preferred network for USDT transactions. This follows a rapid growth in USDT supply on Aptos since late 2024, with the network now ranking second in USDT activity. The move highlights Aptos' scalability and performance advantages in the stablecoin space.
Terms & Concepts
- USDT: Tether, a widely used stablecoin pegged to the US Dollar, designed to maintain a 1:1 value with USD.
- Aptos Network: A layer-1 blockchain focused on scalability, reliability, and low latency, designed to support high-throughput decentralized applications.