The Aptos Foundation has announced a collaboration with SK Telecom to incorporate Tether’s USDT stablecoin into the telecom giant’s T wallet.
This integration aims to enhance access to stablecoins through a familiar platform used by millions of SK Telecom customers. According to a press release from the Aptos Foundation shared with crypto.news, the integration will leverage SK Telecom’s PASS app, allowing users to access USDT on the Aptos blockchain with ease, thereby connecting traditional finance to decentralized systems.
As South Korea’s largest telecom operator, SK Telecom views this partnership as a pivotal step towards mainstream adoption of web3 technologies. Oh Sehyeon, vice president of SK Telecom’s web3 division, emphasized the company’s commitment to collaborating with key players like Tether to broaden access to digital assets and decentralized networks, drawing on the firm’s extensive telecommunications expertise.
The partnership capitalizes on SK Telecom’s substantial customer base of over 30 million, positioning T wallet as a convenient entry point for stablecoin transactions.
Tether’s decision to support the Aptos Network, announced in mid-August, was influenced by the blockchain’s “robust developer community” and its notable growth in deployed contracts, reflecting active development efforts. Additionally, Tether cited Aptos’s “extremely low gas fees” as a significant factor in their support, noting the network’s suitability for a wide range of applications, from microtransactions to large-scale enterprise operations.
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