Demex Daily #222: Tether Expands USD₮ to Aptos for Enhanced Scalability

What’s Interesting Today:

Tether Operations Limited has announced the launch of its U.S. dollar-pegged Tether tokens (USD₮) on the Aptos blockchain, aiming to leverage Aptos' advanced technology known for exceptional speed and scalability. This integration is part of Tether's global strategy to enhance digital currency accessibility and usefulness. Aptos has shown significant growth, with daily active users and transaction volumes increasing dramatically. The integration promises extremely low transaction costs, broadening USD₮'s applicability from microtransactions to enterprise operations. This collaboration between Tether and Aptos aims to expand the utility of USD₮, making it more accessible to diverse economic groups and further developing Aptos' DeFi and payments ecosystem.

Trade APTOPS APT-PERP on Demex!

INFINIT, the pioneering DeFi abstraction layer, has announced that it will soon enable anyone to create decentralized finance (DeFi) applications easily, regardless of their coding expertise. This platform simplifies the development process, allowing both seasoned and novice developers to build and customize DeFi protocols quickly using TypeScript instead of more complex languages like Solidity or Rust. INFINIT's infrastructure supports rapid creation and scaling of DeFi apps across any integrated blockchain, with a user-friendly interface that will eventually allow non-developers to launch protocols without any coding. Already, INFINIT has facilitated over $630 million in total value locked across 12 protocols, significantly aiding developers like Ethena Labs in expanding their DeFi solutions. By lowering entry barriers and enhancing security, INFINIT aims to foster a more robust and accessible DeFi ecosystem.