Upbit adds Aptos (APT) for USDT transfers in key ecosystem upgrade

Starting today, June 18, South Korea’s top cryptocurrency exchange, Upbit, has enabled Tether (USDT) withdrawals and deposits on the Aptos Network. Aptos @Aptos · Follow 🚨 @Official_Upbit Adds Support for USDT on AptosUpbit South Korea has officially added support for @Tether_to ‘s USDT deposits & withdrawals via the Aptos network. Starting on June 18, 2025, 11:00 AM KST, users will be able to move USDT on-chain.USDT Moves Better on Aptos 🌐 5:00 AM · Jun 18, 2025 189 Reply Copy link Read 66 replies The move marks a substantial addition to Upbit’s multi-chain stablecoin offerings. The exchange has long supported Ethereum and Tron for USDT transactions, and users can now enjoy more flexibility with Aptos’ speed and scalability. That comes as stablecoins gain increased traction, with Walmart and Amazon looking to join the bandwagon . Upbit enhances efficiency with Aptos The exchange’s decision to integrate Aptos for USDT transactions from thousands of related tokens is not random. Aptos is among the top L1 blockchains, known for its low-latency, high-throughput architecture. It utilizes MPL (Move programming language) to guarantee flexibility and safety when interacting with digital currencies. Unlike Ethereum’s high fees and Tron’s narrow DeFi capabilities, Aptos boasts a balance of speed, cost-friendliness, and an expanding infrastructure. Thus, Aptos remains lucrative for traders and crypto exchanges interested in smooth transfers of stablecoins, which have proven crucial for day-to-day cryptocurrency undertakings. Aptos integration signals Upbit’s dedication to offering top-notch services for retail and institutional players. Upbit users will enjoy more options, with Aptos unleashing tangible benefits like lower transaction fees, heightened flexibility, and quicker settlements. Such perks boost the exchange’s global competitiveness, especially as exchanges race to integrate next-gen blockchain functionalities. Tron’s USDT transfer volume hits record highs: surpasses $690B Upbit’s addition of Aptos comes as stablecoins see massive activities, with trends signaling a shift from Ethereum. Slower transactions and massive transaction costs continue hurting the second-largest blockchain by value. Cryptoquant data shows USDT transfers on the Tron blockchain shattered previous highs, with around $694 billion recorded in May 2025. CryptoQuant.com @cryptoquant_com · Follow TRON Sets New USDT Record: $700B in Transfers, $411B from Whales“In May alone, $694.54 billion worth of USDT was transferred on TRON. That’s an all-time high… with whales dominating activity: ~59% of May’s USDT volume on TRON” – By @JA_Maartun 12:35 PM · Jun 12, 2025 69 Reply Copy link Read 26 replies The massive volume indicates an improved appetite for stablecoins on Tron. Recently, Tether minted $1 billion USDT assets on the TRX blockchain. Notably, whales propelled the volume surge, contributing $411 billion. That reflects immense institutional activities. Meanwhile, the data highlights stable growth in Q1 2025. The metric hovered at $576 billion in January and has consistently soared to May peaks. These figures confirm improving institutional confidence in Tron’s scalability and cost-effectiveness. Tron processes massive transfer volumes quicker and affordably, positioning Justin Sun’s project as the go-to platform for immense transactions involving DeFi apps, settlements, and remittances. Enthusiasts will watch how Upbit’s move will influence the Aptos ecosystem. The addition could attract more platforms and businesses looking to expand their stablecoin offerings. APT price outlook The native coin traded at $4.46, with a 3.60% decline the previous day. APT exhibits notable bearishness after losing nearly 13% in the past day. Chart by Coinmarketcap Also, the alt trading below the 50EMA on the 1D chart confirms seller control. The post Upbit adds Aptos (APT) for USDT transfers in key ecosystem upgrade appeared first on Invezz

Source: Invezz