The Aptos Foundation has partnered with SK Telecom to introduce Tetherβs USDT stablecoin to the T wallet, aiming to broaden access to stablecoins for millions of SK Telecom customers.
Integration of USDT into T Wallet
The Aptos Foundation will integrate Tetherβs USDT stablecoin into SK Telecomβs web3 product, T wallet. This initiative, supported by SK Telecomβs PASS app, will allow users to access USDT on the Aptos blockchain with minimal friction, effectively bridging traditional finance with decentralized systems.
SK Telecom’s Vision for Mainstream Web3
SK Telecom, South Koreaβs largest telecom operator, views this partnership as essential for mainstream web3 adoption. Oh Sehyeon, vice president of SK Telecomβs web3 division, emphasized the company’s shared vision with Tether to expand access to digital assets and decentralized networks, leveraging SK Telecomβs extensive telecom expertise.
Expanding Stablecoin Usage through T Wallet
With a customer base of over 30 million, SK Telecom offers T wallet as a key entry point for stablecoin usage. This partnership aims to tap into SK Telecomβs vast customer network to facilitate broader stablecoin adoption.
Tether’s Support for Aptos Network
Tether added support for the Aptos Network in mid-August, citing the blockchainβs robust developer community and steady increase in deployed contracts as significant factors for this expansion. Tether also highlighted the networkβs extremely low gas fees, making it economically viable for a range of use cases, from microtransactions to large-scale enterprise operations.
“The integration of USDT into T wallet will enable users to access stablecoins seamlessly, bridging traditional finance with decentralized systems.” – Aptos Foundation
Key Benefits of the Integration
The integration brings several benefits:
- Ease of Access: Users can access USDT on the Aptos blockchain with minimal friction.
- Economic Viability: The Aptos Networkβs low gas fees support a wide range of use cases.
- Broader Adoption: Leveraging SK Telecomβs large customer base to promote stablecoin usage.
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