The Aptos Foundation has partnered with SK Telecom to introduce Tether’s 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 Tether’s USDT stablecoin into SK Telecom’s web3 product, T wallet. This initiative, supported by SK Telecom’s 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 Korea’s largest telecom operator, views this partnership as essential for mainstream web3 adoption. Oh Sehyeon, vice president of SK Telecom’s web3 division, emphasized the company’s shared vision with Tether to expand access to digital assets and decentralized networks, leveraging SK Telecom’s 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 Telecom’s 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 blockchain’s robust developer community and steady increase in deployed contracts as significant factors for this expansion. Tether also highlighted the network’s 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 Network’s low gas fees support a wide range of use cases.
  • Broader Adoption: Leveraging SK Telecom’s large customer base to promote stablecoin usage.

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